SOLON AG Awarded Contract for 36 MW in Spain

SOLON AG, one of Europe’s biggest manufacturers of solar modules and photovoltaic systems, has been awarded a contract to equip several major power plants in Spain.

The agreement with a European financial investor envisages the delivery of power plant systems with an aggregate power output of 36 MW for projects on the Spanish mainland and on the Balearic islands. The implementation phase of the projects will commence in the fourth quarter of 2007 and they are scheduled to be completed by the first quarter of 2009.

Further agreements have been reached with the same customer to supply solar power systems for other projects in Spain with a total power output of 14 MW. These projects are to be developed and implemented by SOLON Solar Investments GmbH. This SOLON subsidiary specializes in the project development of major solar power plants for financial investors.
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