Berlin, November 5, 2009 - SOLON SE has been selected to build another turnkey, 11 MWp photovoltaic power plant in Spain. The contract was awarded by Renewable Energies and Photovoltaics Spain S.L. (REPS), a majority owned subsidiary of the Norwegian energy company Statkraft AS. The solar power plant will be erected in southern Spain, in the Andalucian town of Espejo and will incorporate SOLON Single Axis tracking photovoltaic systems.
Along with power plant planning and installation, the contract also covers subsequent maintenance and operation of the installation. The agreement will be effective as soon as the project is granted Guarantee of Power and the final investment decision has been taken by REPS. The transaction represents an expansion of the business relationship between SOLON and Statkraft and will ensure additional project volume for SOLON in the Spanish solar market.
In June, the two companies had announced the conclusion of a framework agreement on the implementation of power plant projects in Spain for a total output of 40 MWp by the end of 2011. Statkraft is Europe's largest renewable energy company. The Group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European power exchanges. Statkraft also develops marine energy, osmotic power, solar power, and other innovative energy solutions. In 2008 Statkraft posted gross operating revenues of EUR 3.1 billion. The group employs 3,200 staff in more than 20 countries.
Source: SOLON SE