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Business and Financial Review • Feb 24, 2010

News Details

Corporate | 24 February 2010 14:00

COLEXON Energy AG: First groundbreaking in Italy

COLEXON Energy AG / Contract/Alliance

24.02.2010 14:00

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.

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First groundbreaking in Italy
COLEXON realizes 993 kWp plant in Imola

Hamburg, February 24, 2010. COLEXON Energy AG, a leading project developer
and operator of highly profitable solar power plants, scores another
success in the international competition. The company, located in Hamburg,
is starting to erect a solar power plant with a total capacity of 993.3
kilowatt peak (kWp) in the North Italian community Imola.

At the end of last year, COLEXON secured the property and project rights
for the construction of a solar power plant in Imola. After having
completed the formalities in December, the company broke ground and started
the realization. Thorsten Preugschas, CEO of COLEXON Energy AG, sees the
complete package as another milestone for the company. 'Establishing our
international commitments with the solar power plant in Imola, allows us to
continue our growth trend consistently despite of possible upcoming changes
in the feed-in compensation in Germany. As Italy is one of the most
significant growth markets, it is of great importance.'

Successful market entry with strong partner network

The project in Imola is expected to be completed in the first half of the
year 2010. Within this process, COLEXON emphasizes on a strong
incorporation of local subcontractors that were engaged for the
establishment of the company in the Italian market. COLEXON has teamed up
with Cleantech in planning and developing the solar power plant. The
erection of the solar park and its commissioning has been arranged in close
cooperation with several local partner companies.

COLEXON and Imola present prestige project

At yesterday's celebration, the mayor Daniele Manca emphasized the positive
signal for the city due to COLEXON's investment in times of the financial
crisis. CEO Thorsten Preugschas highlighted the location as an optimal
starting point for further activities. COLEXON's new partners, the Imola
community, the local subcontractors as well as the energy supplier, set the
ideal basis for a long-term cooperation by showing extraordinary
commitment.

Economically and ecologically very attractive

It is planned to use a total of 4,620 polycrystalline modules of the
manufacturer Moser Baer on an area of 2.35 hectares for this project. In
addition to this, SMA inverters will convert the yearly 1.1 million
generated kilowatt-hours into grid-compliant alternating current. The plant
is economically attractive as the feed-in tariff in Italy is remarkable and
guaranteed for 20 years. For the city of Imola, this solar power plant
means a reduction in CO2 emissions of about 80 tons per year. Furthermore,
it will be able to supply about 500 households with environmentally
friendly electricity. The Imola community and COLEXON are pursuing the
common objective of realizing further economically and ecologically
interesting projects in that region like the one mentioned above, to build
up a long-term partnership.

Contact:
COLEXON Energy AG
Kirsten Friedrich
Email: k.friedrich@colexon.de
Tel: +49 40 280031-0
Fax: +49 40 280031-101

24.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: COLEXON Energy AG
Große Elbstraße 45
22767 Hamburg
Deutschland
Phone: +49(0)40 280031-0
Fax: +49(0)40 280031-101
E-mail: k.friedrich@colexon.de
Internet: www.colexon.de
ISIN: DE0005250708
WKN: 525070
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart

End of News DGAP News-Service

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