Press Release
S.A.G. Solarstrom secures financing worth €10m
24 January 2010
Germany company S.A.G. Solarstrom has included the 4.6 MWp system installed on the roof of the Dehner Garden Center in Rain am Lech in its own portfolio.
The company has concluded an 18-year financing transaction for €10 million with the Deutsche Bank AG for the associated investment volume of €14 million. The roof-top system, consisting of First Solar thin-film modules, will thus strengthen the business area of power production and provide attractive contributions to operating income, according to the company. The financing was concluded in a short span with funds provided by the bank’s Reconstruction Loan Corporation from its Renewable Energies programme.
S.A.G. Solarstrom says the “location of the system and its high-quality construction are ideal and offer very promising returns”.
S.A.G. was commissioned as the main contractor in September last year by the project planning company Walter konzept, Ellwangen, to set up the planned 4.6 MWp system, after Walter konzept was awarded the contract for handling this large-scale project in June. Last year, it also emerged that S.A.G. was authorised by the Supervisory Board to include this volume in its own power plant portfolio.
1st February 2010- Thin Film Today news desk
