3W Power S.A. / AEG Power Solutions : AEG Power Solutions wins key projects in the Indian solar market
10.08.2011
3W Power S.A. / AEG Power Solutions / Key word(s): Energy/
3W Power S.A. / AEG Power Solutions : AEG Power Solutions wins key
projects in the Indian solar market
DGAP-Media / 10.08.2011 / 06:30
=--------------------------------------------------------------------
Aug 10 2011
AEG Power Solutions wins key projects in the Indian solar market
- AEG Power Solutions and its subsidiary skytron energy experience
repeated success in India
- Total solutions equipment for 25 MW and Monitoring Systems for 45 MW
awarded in the first six months of 2011
- Successes confirm the chosen strategy of the company in renewable
energies
Warstein-Belecke, Germany- August 10, 2011 - AEG Power Solutions (AEG PS)
signed with Surana Venture a contract to provide complete balance of
electrical systems (inverters, monitoring and measurement equipment) for a
5 MW solar power plant in the Indian state of Gujarath. Since March, AEG PS
has been awarded contracts from Indian solar farm developers to provide
electrical solutions for a total of 25 MW PV power plants. These power
plants are planned to be set up in different states of India, including in
the prestigious solar park initiated by the state of Gujarath. One of the
most advanced of India, Gujarath state has launched a program of long term
power purchase with agreements with 80 solar power project investors to
commission almost 1,000 MW of generation capacity by the end of 2013.
During this year already 400 to 600 MW could be installed.
The contract just signed with Surana is part of Gujarath's ambitious
project, as is the installation of 10 MW signed earlier with the NKG Infra.
The four other equipment contracts signed by AEG Power Solutions,
representing complete electrical balance for respectively 6,1 MW, 2 MW
and two for 1 MW, are aimed to equip solar power plants in different
states of India.
The new inverter Protect PV.500, launched in April at Hannover fair, will
be used in the two largest projects.
'Our renowned technology has made a large part of our success. As important
as this is our international standing and the complete product portfolio
for the installation of solar power generation plants', explains Murthy
Sridhar, AEG Power Solutions India Managing Director. All contracts will be
installed in the last quarter of this year
In addition, skytron energy, the monitoring and supervision system
subsidiary of the Group, generated in the first quarter of 2011 an incoming
order amounting 1 million Euros for a 45 MW PV Power Plant in Western
India. skytron energy is supplying the whole monitoring solution including
combiner boxes, data loggers and a sensor measurement technology as well as
the supervision system PVGuard. 'India is a strategically important market
for the photovoltaic sector. We have always been aware of this and started
intensifying our close cooperation with Indian companies as early as 2007',
explains Martin Sauter, Managing Director of skytron energy.
The early position adopted by skytron on the Indian market has also helped
AEG Power Solutions in quickly deploying its strategy on the sub-continent.
'India has officially embraced solar energy as it faces up to rising carbon
emissions caused by its reliance on coal for power generation, but the
driver is also the search for energy independence as India has few
resources of its own to meet its rapidly growing economy', explains Enrique
de la Cruz, Vice President of AEG Power Solutions Solar business unit. 'As
the country announced a program to reach 20,000 megawatts generated by
solar power by 2020 and was only equipped of 60 MW in 2009, the potential
is huge.'
To serve this market adequately, AEG Power Solutions unveiled plans at the
end of last year to invest in a new facility in Bangalore which is
currently under construction.
=- End of Announcement--
About AEG Power Solutions
AEG Power Solutions is a world provider of innovative premium power
solutions. Backed by more than a century of innovation and customer
service, AEG Power Solutions offers a full-range of highly reliable, cost
effective solutions, from power conversion modules, solar inverters and
solutions to high reliability UPS systems, industrial chargers and DC
systems. System solutions from AEG PS are designed to interface with the
electrical power grid and to offer power solutions for mission-critical
applications in harsh environments, such as utility-scale renewable energy
plants, polysilicon manufacturing process, power plants, offshore oil rigs
or chemical refineries.
AEG Power Solutions activities consist of two complementary operating
segments: Renewable Energy Solutions, gathering power controller systems
and solar solutions and Energy Efficiency Solutions, dedicated to all
infrastructure applications. Thanks to its distinctive expertise, bridging
both AC and DC power technologies and spanning the worlds of both
conventional and renewable energy, the company is uniquely positioned to
benefit long-term from emerging demand for intelligent micro-energy grids.
3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg, is the
holding company of AEG Power Solutions Group. The Group is headquartered in
Zwanenburg in the Netherlands. Shares and warrants of 3W Power are admitted
to trading on NYSE Euronext, Amsterdam (ticker symbol: 3WP and 3WPW,
respectively). Additionally, the shares are traded on the Frankfurt Stock
Exchange (ticker symbol: 3W9)
For more information go to: www.aegps.com.
This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This
communication contains forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based on
the reasonable evaluation and opinion of the management but are subject to
risks and uncertainties which are beyond the control of 3W Power and, as a
general rule, difficult to predict. The management and the company cannot
and do not, under any circumstances, guarantee future results or
performance of 3W Power and the actual results of 3W Power may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.
For more information:
Ute von Cranach
Marketing Communications RES
AEG Power Solutions
Tel.: +49 2902 763 256
Mobil: +49 170 574 9094
Email: ute.voncranach@aegps.com
Christiane L. Döhler
M. A. - Exec. MBA HSG
DOEHLER COMMUNICATIONS
Tel.: +49 89 51616810
Mobil: +49 175 290 5054
Email: cd@doehler-communications.com
End of Media Release
=--------------------------------------------------------------------
10.08.2011 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: 3W Power S.A. / AEG Power Solutions
Weerenweg 29
1161 AH Zwanenburg
Netherlands
Phone: +31 20 4077 800
Fax: +31 20 4077 801
E-mail: claire.pairault@aegps.com
Internet: www.aegps.com
ISIN: GG00B39QCR01
WKN: A0Q5SX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP-Media
=--------------------------------------------------------------------
134949 10.08.2011
3W Power S.A. / AEG Power Solutions / Key word(s): Energy/
3W Power S.A. / AEG Power Solutions : AEG Power Solutions wins key
projects in the Indian solar market
DGAP-Media / 10.08.2011 / 06:30
=--------------------------------------------------------------------
Aug 10 2011
AEG Power Solutions wins key projects in the Indian solar market
- AEG Power Solutions and its subsidiary skytron energy experience
repeated success in India
- Total solutions equipment for 25 MW and Monitoring Systems for 45 MW
awarded in the first six months of 2011
- Successes confirm the chosen strategy of the company in renewable
energies
Warstein-Belecke, Germany- August 10, 2011 - AEG Power Solutions (AEG PS)
signed with Surana Venture a contract to provide complete balance of
electrical systems (inverters, monitoring and measurement equipment) for a
5 MW solar power plant in the Indian state of Gujarath. Since March, AEG PS
has been awarded contracts from Indian solar farm developers to provide
electrical solutions for a total of 25 MW PV power plants. These power
plants are planned to be set up in different states of India, including in
the prestigious solar park initiated by the state of Gujarath. One of the
most advanced of India, Gujarath state has launched a program of long term
power purchase with agreements with 80 solar power project investors to
commission almost 1,000 MW of generation capacity by the end of 2013.
During this year already 400 to 600 MW could be installed.
The contract just signed with Surana is part of Gujarath's ambitious
project, as is the installation of 10 MW signed earlier with the NKG Infra.
The four other equipment contracts signed by AEG Power Solutions,
representing complete electrical balance for respectively 6,1 MW, 2 MW
and two for 1 MW, are aimed to equip solar power plants in different
states of India.
The new inverter Protect PV.500, launched in April at Hannover fair, will
be used in the two largest projects.
'Our renowned technology has made a large part of our success. As important
as this is our international standing and the complete product portfolio
for the installation of solar power generation plants', explains Murthy
Sridhar, AEG Power Solutions India Managing Director. All contracts will be
installed in the last quarter of this year
In addition, skytron energy, the monitoring and supervision system
subsidiary of the Group, generated in the first quarter of 2011 an incoming
order amounting 1 million Euros for a 45 MW PV Power Plant in Western
India. skytron energy is supplying the whole monitoring solution including
combiner boxes, data loggers and a sensor measurement technology as well as
the supervision system PVGuard. 'India is a strategically important market
for the photovoltaic sector. We have always been aware of this and started
intensifying our close cooperation with Indian companies as early as 2007',
explains Martin Sauter, Managing Director of skytron energy.
The early position adopted by skytron on the Indian market has also helped
AEG Power Solutions in quickly deploying its strategy on the sub-continent.
'India has officially embraced solar energy as it faces up to rising carbon
emissions caused by its reliance on coal for power generation, but the
driver is also the search for energy independence as India has few
resources of its own to meet its rapidly growing economy', explains Enrique
de la Cruz, Vice President of AEG Power Solutions Solar business unit. 'As
the country announced a program to reach 20,000 megawatts generated by
solar power by 2020 and was only equipped of 60 MW in 2009, the potential
is huge.'
To serve this market adequately, AEG Power Solutions unveiled plans at the
end of last year to invest in a new facility in Bangalore which is
currently under construction.
=- End of Announcement--
About AEG Power Solutions
AEG Power Solutions is a world provider of innovative premium power
solutions. Backed by more than a century of innovation and customer
service, AEG Power Solutions offers a full-range of highly reliable, cost
effective solutions, from power conversion modules, solar inverters and
solutions to high reliability UPS systems, industrial chargers and DC
systems. System solutions from AEG PS are designed to interface with the
electrical power grid and to offer power solutions for mission-critical
applications in harsh environments, such as utility-scale renewable energy
plants, polysilicon manufacturing process, power plants, offshore oil rigs
or chemical refineries.
AEG Power Solutions activities consist of two complementary operating
segments: Renewable Energy Solutions, gathering power controller systems
and solar solutions and Energy Efficiency Solutions, dedicated to all
infrastructure applications. Thanks to its distinctive expertise, bridging
both AC and DC power technologies and spanning the worlds of both
conventional and renewable energy, the company is uniquely positioned to
benefit long-term from emerging demand for intelligent micro-energy grids.
3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg, is the
holding company of AEG Power Solutions Group. The Group is headquartered in
Zwanenburg in the Netherlands. Shares and warrants of 3W Power are admitted
to trading on NYSE Euronext, Amsterdam (ticker symbol: 3WP and 3WPW,
respectively). Additionally, the shares are traded on the Frankfurt Stock
Exchange (ticker symbol: 3W9)
For more information go to: www.aegps.com.
This communication does not constitute an offer or the solicitation of an
offer to buy, sell or exchange any securities of 3W Power. This
communication contains forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based on
the reasonable evaluation and opinion of the management but are subject to
risks and uncertainties which are beyond the control of 3W Power and, as a
general rule, difficult to predict. The management and the company cannot
and do not, under any circumstances, guarantee future results or
performance of 3W Power and the actual results of 3W Power may materially
differ from the information expressed or implied in the forward-looking
statements. As a result, investors are cautioned against relying on the
forward-looking statements contained herein as a basis for their investment
decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking
statement contained herein.
For more information:
Ute von Cranach
Marketing Communications RES
AEG Power Solutions
Tel.: +49 2902 763 256
Mobil: +49 170 574 9094
Email: ute.voncranach@aegps.com
Christiane L. Döhler
M. A. - Exec. MBA HSG
DOEHLER COMMUNICATIONS
Tel.: +49 89 51616810
Mobil: +49 175 290 5054
Email: cd@doehler-communications.com
End of Media Release
=--------------------------------------------------------------------
10.08.2011 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: 3W Power S.A. / AEG Power Solutions
Weerenweg 29
1161 AH Zwanenburg
Netherlands
Phone: +31 20 4077 800
Fax: +31 20 4077 801
E-mail: claire.pairault@aegps.com
Internet: www.aegps.com
ISIN: GG00B39QCR01
WKN: A0Q5SX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP-Media
=--------------------------------------------------------------------
134949 10.08.2011
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