solarhybrid AG
solarhybrid AG: Acquisition of Israeli project pipeline
Solarhybrid AG / Key word(s): Miscellaneous/Weiteres Schlagwort 12.01.2012 08:00 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc-Release according to § 15 WpHG Thursday, 12 January 2012 Acquisition of Israeli project pipeline solarhybrid AG, Brilon, announces the acquisition of project rights for PV systems with a total capacity of approx. 201 MWp. Several minority shareholders own on average 22% of these projects, the largest among them being Ormat Systems Ltd, Yavne, Israel. The projects were acquired by the newly founded subsidiary solarhybrid Israel, Tel Aviv, from the estate of the insolvent Sunday Energy Ltd., Ra'anana, Israel. The purchase consideration consisted of a one-time payment of NIS 9 million and an earn-out payment of NIS 240 per realized kWp. About solarhybrid AG: solarhybrid AG is project developer and general contractor for turn-key photovoltaic power projects at utility scale. The company offers the following services: - Project development and co-development - Financing and structuring - Sale to investors - Engineering, procurement, and construction services (EPC contracting) - Operation and Maintenance (O&M) Project financing, structuring and marketing are all carried out by solarhybrid capital management GmbH, a wholly owned subsidiary of solarhybrid AG. A list of references with a total capacity of 266 megawatts (both completed and commissioned projects) is proof of the company's expertise in technical, organizational and financial project management in 2010 (48 MWp) and in 2011 (218 MWp). For the year 2012 a project pipeline exists in the countries of Germany and Italy with a total capacity of 323 MWp. Further projects in Germany, Italy, South and North Africa, Israel and the USA are in negotiation. solarhybrid focuses on a strategy of 'growth through project size, not by the number of projects.' In 2010, the average project size was 7 MWp and 20 MWp in 2011 already. The company is run from its locations in Hamburg, Frankfurt and Brilon. In addition to these, there are also local companies in Italy, the Middle East and the United States. Company shares are traded on the General Standard of the Frankfurt Stock Exchange. Contact: solarhybrid AG Albert Klein CFO Phone: +49 (0) 2961 / 9 66 46 - 0 akk@solarhybrid.ag edicto GmbH Axel Mühlhaus/ Dr. Sönke Knop Phone: +49 (0) 69 / 90 55 05-51 solarhybrid@edicto.de 12.01.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Solarhybrid AG Keffelker Straße 14 59929 Brilon Germany Phone: +49 (0)2961 966 460 Fax: +49 (0)2961 966 46 66 E-mail: ir@solarhybrid.de Internet: www.solarhybrid.ag ISIN: DE000A0LR456 WKN: A0LR45 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found