From correspondents in India, 01:55 PM IST

With the sale of its most recent major projects in Spain and South Korea, the Conergy Group has now sold more than a gigawatt of renewable energies since it was founded. This means that Conergy is now one of the largest European providers of solar energy and other renewable energies. Of this one gigawatt of renewable energies, 400 megawatts are from Conergy’s own major installation projects. Wind farm projects developed by Conergy account for 200 megawatts of the 1 gigawatt-total. The solar modules sold to date worldwide account for 800 megawatts, just under a fifth of the total photovoltaic capacity installed in Germany. Every tenth module is a module produced, sold or installed by Conergy.

Clean electricity for more than 1.7 million people

A small example calculation illustrates just what this means: If all 800 MW were to be installed on the double-axle tracking systems of the “Conergy SolarOptimus II” type in sunny Spain, this mega plant would produce 1,520,000 megawatt hours net electricity output: enough for 434,285 households – or more than 1.7 million people, a large city the size of Hamburg in Northern Germany. On top of that, the plant would save about 1,140,000 tons of the environmental toxin CO2 a year.

Conergy on the right track towards securing module supply for 2009

The company’s “Module Supply Team” ensures that Conergy is also supplied with modules in future. Eleven strong partners with whom Conergy maintains close business relations, some since 2001, currently supply the company with modules. For 2008, with its in-house and external suppliers, Conergy sees itself on track to meet the targets set for the module supply of over 200 MW. Conergy could already secure a series of contracts on modules or options on modules for 2009. Further appreciable quantities will be contributed by the company’s own production plant in Frankfurt (Oder) in Germany, which is to reach full capacity in the second half of 2009, thereby ensuring module quantities already amounting to approximately 200 MW for the coming year directly, or through options. Experts expect to see a worldwide drop in module prices in 2009. Conergy as a downstream company will also benefit from this change towards a buyer’s market and has geared its purchasing strategy for 2009 accordingly.

Above all, Conergy’s technological autonomy stands it in good stead as a downstream company: The group is not bound to a certain module technology and can offer almost the entire photovoltaic portfolio from thick-film, to thin-film, right through to nanotechnology. As a major customer of many of the market leading producers in their respective technologies, the Hamburg solar company supplies the best tailor-made photovoltaic solutions to all its customers.

Disclaimer:

This communication is neither a prospectus nor does it constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Conergy AG and it does not substitute the prospectus. Subject to the approval by the German Financial Supervisory Authority a securities prospectus will be published prior to the offer period and made available free of charge by Conergy AG and the coordinators. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Supervisory Authority.

This communication is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any public offering of securities to be made in the United States of America will be made by means of a prospectus that may be obtained from Conergy AG and that will contain detailed information about the company and management, as well as financial statements. Conergy AG does not intend to register any part of the offering in the United States.

The information contained in this communication is not for publication or distribution in or into the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of America, Canada, Australia or Japan.

Source: Press Release Distribution via India PRwire