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Solea AG - Commencement of Construction for a 1.3 MWp Solar Park in Neuburg am Inn (Southern Bavaria)

10-28-2009 10:55 AM CET | Energy & Environment

Press release from: Solea AG - solar technology

The Project in Neuburg am Inn is the starting point of a series of Projects between Solea AG and the CHORUS Group. The ground breaking ceremony was attended by the management of both companies and the mayor of Neuburg am Inn.

The Project in Neuburg am Inn is the starting point of a series of Projects between Solea AG and the CHORUS Group. The ground breaking ceremony was attended by the management of both companies and the mayor of Neuburg am Inn.

On 7 October 2009, Solea AG commenced construction of the solar park project Neuburg am Inn (Southern Bavaria, district of Passau). With this project, Solea AG further increases its activities in southern Germany.

The investor and operator CHORUS CleanTech Solar GmbH & Co. 2. KG is registered by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the German supervisory authority for financial service.

The mayor of Neuburg am Inn attended the ground-breaking ceremony, along with members of the management of CHORUS and Solea AG. Solea AG acts as the general contractor.

The project in Neuburg am Inn is the first in a series of projects with a combined power of more than 15 MWp to be jointly undertaken by CHORUS and Solea AG.

The green energy power plant will cover an area of 3.6 hectares and has a capacity of 1.3 MWp. It will incorporate 7,600 mono-crystalline Solea SM 175 modules. The fixed mounting structure is manufactured by PV-EIWA Systemtechnik GmbH & Co. KG, a sister company of Solea AG. The DKB Bank Berlin in Cooperation with the Sparkasse Deggendorf provides CHORUS CleanTech Solar GmbH & Co. 2. KG with senior debt financing.

The photovoltaic power plant will avoid the release of 1,380 tons of carbon dioxide into the atmosphere every year and the electricity produced equals the average electricity consumption of nearly 350 four-person households. The facility will deliver approximately 1.400 Megawatt hours of clean energy yearly to the grid, operated by E.ON Bayern AG.

About Solea AG:
Solea AG is located in Plattling, about 150 km north-east of Munich. It constructs and maintains turnkey solar parks in the megawatt to double-digit megawatt range. In addition to Germany, Solea AG is active in Spain, Italy, France, Greece and the Czech Republic. For further information please see www.solea-ag.com.

About CHORUS:
The CHORUS Group is specialized in the conception of public funds and the marketing of environmentally friendly investments. Investors lacking own roof space are given an opportunity to invest long-term in funds to participate in save and sustainable yields from solar energy production.

Solea AG
Gottlieb-Daimler-Str. 10
D-94447 Plattling
Public Relation:
Markus Frohmader
m.frohmader@solea-ag.com
Tel. +49(0)9931-8969970
Fax +49(0)9931-8969975
www.solea-ag.com
info@solea-ag.com

Chorus GmbH
Professor-Messerschmitt-Str. 3
D-85579 Neubiberg
Contact Person:
Helmut Horst
Tel. +49(0)89-44230600
Fax +49(0)89-442306011
www.chorus-gruppe.de
info@chorus-gruppe.de

Deutsche Kreditbank AG
Niederlassung Süd
Kronenstr. 11
D-10117 Berlin
Contact Person:
Torsten Steffen-Taege
Tel. +49(0)30-20155529
Fax +49(0)30- 20155875
www.dkb.de
Torsten.Steffen-Taege@dkb.de

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