Archiv

DGAP-News: Further consolidation of market position in project business: SYSTAIC reaches agreement with KGAL on takeover of several solar power plants

02.09.2009
systaic AG / Agreement 02.09.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- KGAL (KG Allgemeine Leasing GmbH & Co.) and solar technology company systaic AG have reached an agreement on the takeover of a power plant portfolio. The usual in-depth analysis is due to be completed in the current quarter. The photovoltaic plants have a total output of approx. 32 megawatt peak. In addition to the already announced projects in Sardinia the portfolio also includes photovoltaic power plants in Spain. The total investment volume amounts to more than EUR 150 million. 'Sustainable investment opportunities in solar parks are in high demand from the investor side,' explains Dr Klaus Wolf, Member of the Management Board of KGAL. 'So we are pleased to have systaic AG as an extremely reliable partner in this field which has repeatedly demonstrated its ability to complete technically outstanding photovoltaic plants within the given deadline.' The agreement encompasses solar power plants of the SYSTAIC Group which have already been finalised and others currently under construction, to be completed in the coming year. The current agreement is a continuation of the cooperation with KGAL which began last year with the sale of several photovoltaic power plants in Spain. 'We are delighted at the opportunity to cooperate once again with KGAL in the field of solar power plants,' says Michael Pack, CEO of systaic AG. 'The agreement with this renowned and leading European financial service provider covers a major part of our sales planning until the end of 2009. In addition, KGAL has taken an option on further power plant projects to be constructed by us. We view this as recognition of our professionalism in the solar power plant business together with our subsidiary Enerparc. Due to a strong network with international project development partners we have a full order pipeline for 2010, leading us to expect further profitable growth.' About SYSTAIC: systaic AG specialises in efficient and aesthetically pleasing solar power solutions: the core product is the SYSTAIC energy roof for buildings, a multi-awardwinning energy system for electricity and heat generation. With its subsidiary Webasto Solar GmbH SYSTAIC is the world's only series manufacturer of photovoltaic generators for car roofs of different brands. The development and installation of large-scale photovoltaic power plants also implemented by its subsidiary Enerparc is a further focal point in its portfolio. Subsidiaries of systaic AG are Enerparc AG, Düsseldorf, systaic Portugal (Sistemas Energéticos de Portugal Lda.), Lisbon, systaic Americas Inc., Carlsbad, systaic France S.A.R.L., Paris, systaic Hellas M.EPE, Athens, systaic Ibérica S.L.U., Barcelona, systaic Italia S.r.L., Milan and systaic sourcing AG & Co., Düsseldorf, systaic Technologies GmbH, Düsseldorf and Webasto Solar GmbH, Landsberg. About KGAL: KGAL has more than four decades of experience as a financial services provider for large-scale projects. As one of Germany's leading fund initiators KGAL has been offering future- and return-oriented investment opportunities to investors for more than 30 years. As of 31 December 2008 about 125,800 private and institutional investors have entrusted equity of approx. EUR 10.3 billion to the company in a total of 323 funds. Projects worth a total of EUR 24 billion have been realised with this sum. For several years KGAL has been engaged in the field of renewable energies and has already acquired ten photovoltaics plants for its investors in predecessor funds, all of which are to date fulfilling or exceeding the dividend forecasts. Contact: systaic AG Achim Zolke (Head of PR) Kasernenstraße 27 40213 Düsseldorf Germany Phone: 0049-211-828559-0 Fax: 0049-211-828559-258 a.zolke@systaic.com www.systaic.com 02.09.2009 Financial News transmitted by DGAP =-------------------------------------------------------------------------- Language: English Company: systaic AG Kasernenstr. 27 40213 Düsseldorf Deutschland Phone: +49 (0)211 828559-0 Fax: +49 (0)211 828559-29 E-mail: ir@systaic.com Internet: http://www.systaic.de ISIN: DE000A0JKYP6 WKN: A0JKYP Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service =--------------------------------------------------------------------------

systaic AG / Agreement 02.09.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- KGAL (KG Allgemeine Leasing GmbH & Co.) and solar technology company systaic AG have reached an agreement on the takeover of a power plant portfolio. The usual in-depth analysis is due to be completed in the current quarter. The photovoltaic plants have a total output of approx. 32 megawatt peak. In addition to the already announced projects in Sardinia the portfolio also includes photovoltaic power plants in Spain. The total investment volume amounts to more than EUR 150 million. 'Sustainable investment opportunities in solar parks are in high demand from the investor side,' explains Dr Klaus Wolf, Member of the Management Board of KGAL. 'So we are pleased to have systaic AG as an extremely reliable partner in this field which has repeatedly demonstrated its ability to complete technically outstanding photovoltaic plants within the given deadline.' The agreement encompasses solar power plants of the SYSTAIC Group which have already been finalised and others currently under construction, to be completed in the coming year. The current agreement is a continuation of the cooperation with KGAL which began last year with the sale of several photovoltaic power plants in Spain. 'We are delighted at the opportunity to cooperate once again with KGAL in the field of solar power plants,' says Michael Pack, CEO of systaic AG. 'The agreement with this renowned and leading European financial service provider covers a major part of our sales planning until the end of 2009. In addition, KGAL has taken an option on further power plant projects to be constructed by us. We view this as recognition of our professionalism in the solar power plant business together with our subsidiary Enerparc. Due to a strong network with international project development partners we have a full order pipeline for 2010, leading us to expect further profitable growth.' About SYSTAIC: systaic AG specialises in efficient and aesthetically pleasing solar power solutions: the core product is the SYSTAIC energy roof for buildings, a multi-awardwinning energy system for electricity and heat generation. With its subsidiary Webasto Solar GmbH SYSTAIC is the world's only series manufacturer of photovoltaic generators for car roofs of different brands. The development and installation of large-scale photovoltaic power plants also implemented by its subsidiary Enerparc is a further focal point in its portfolio. Subsidiaries of systaic AG are Enerparc AG, Düsseldorf, systaic Portugal (Sistemas Energéticos de Portugal Lda.), Lisbon, systaic Americas Inc., Carlsbad, systaic France S.A.R.L., Paris, systaic Hellas M.EPE, Athens, systaic Ibérica S.L.U., Barcelona, systaic Italia S.r.L., Milan and systaic sourcing AG & Co., Düsseldorf, systaic Technologies GmbH, Düsseldorf and Webasto Solar GmbH, Landsberg. About KGAL: KGAL has more than four decades of experience as a financial services provider for large-scale projects. As one of Germany's leading fund initiators KGAL has been offering future- and return-oriented investment opportunities to investors for more than 30 years. As of 31 December 2008 about 125,800 private and institutional investors have entrusted equity of approx. EUR 10.3 billion to the company in a total of 323 funds. Projects worth a total of EUR 24 billion have been realised with this sum. For several years KGAL has been engaged in the field of renewable energies and has already acquired ten photovoltaics plants for its investors in predecessor funds, all of which are to date fulfilling or exceeding the dividend forecasts. Contact: systaic AG Achim Zolke (Head of PR) Kasernenstraße 27 40213 Düsseldorf Germany Phone: 0049-211-828559-0 Fax: 0049-211-828559-258 a.zolke@systaic.com www.systaic.com 02.09.2009 Financial News transmitted by DGAP =-------------------------------------------------------------------------- Language: English Company: systaic AG Kasernenstr. 27 40213 Düsseldorf Deutschland Phone: +49 (0)211 828559-0 Fax: +49 (0)211 828559-29 E-mail: ir@systaic.com Internet: http://www.systaic.de ISIN: DE000A0JKYP6 WKN: A0JKYP Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service =--------------------------------------------------------------------------

Copyright (c) 2007 Dow Jones & Company, Inc.

Zur Startseite