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BP Solar and RGE Energy AG Announce One of the World's Largest Solar
Installations In Germany
Agreement covers
66 MW including a 46 MW single installation. BP Solar to supply crystalline
PV modules with an innovative energy guarantee.
-- -- Jointly issued by BP Solar and
RGE Energy, Hamburg/Munich. 28 May 2009 --
RGE Energy AG is partnering with BP Solar in planning one of the world's
largest solar projects. The large-scale PV installation with over 46 megawatt
peak (MWp) will be built in Koethen,
Saxony-Anhalt. Around 210,000 crystalline photovoltaic modules with an output
of 220 watt peak each will be supplied by BP Solar and installed by RGE
Energy AG.
Reyad Fezzani, CEO of BP
Solar, and Elias Issa, CEO of RGE Energy AG,
announced the news in Munich
at 'Intersolar', the world's largest solar
exhibition.
The project launch is planned for the third quarter of 2009, the approval
procedure is being processed currently, and by the end of the year, all BP
Solar modules are set to be installed.
The planned solar system will deliver around 43,000 megawatt hours per year
of green electricity. This is enough to yearly supply about 11,500
four-people-households with electricity and to save around 25,600 tons of CO2
emissions.
The project in Koethen is part of a cooperation
agreement between the two companies that covers the installation of solar
projects totalling 66 megawatts (MW) output. In addition to Koethen, other projects planned include a 15 MW solar
system at Eberswalde
airport and an option for another 15 MW.
Due to the high quality project development standards that RGE Energy AG has
demonstrated, BP Solar is offering a guarantee on yield for the solar modules
it supplies. Until now this has been reserved for turn-key projects developed
by BP Solar. If the system does not deliver the overall energy yields
guaranteed by BP Solar, BP Solar will cover the difference on the basis of
the currently valid feed-in tariff.
"BP Solar is playing an important role in delivering utility-scale solar
installations. Our strategy is to offer our customers the lowest cost in
cents per kWh over the life of a solar system. With the additional yield
guarantee, we are standing behind the quality of our product. We are
convinced that our cooperation with RGE Energy AG will benefit us greatly in
the German market, a market we strongly value", Reyad
Fezzani explains, "This project also
emphasises our view that PV crystalline technology will continue to be a
leader in the solar sector."
"As a company with a long-standing experience in developing projects of
large-scale solar power plants, we constantly focus on the highest quality
and safety standards of our projects. This approach applies not only to the
financing, project planning, installation and security concept of the solar
system, but equally to the quality of installed solar modules", says
Elias Issa, "We're therefore delighted to have
found with BP Solar a very reliable and strong partner for our
projects."
Notes to Editors
RGE Energy AG is a
European-wide operating solar company with locations in Frankfurt/Main,
Schwedt/Oder, Berlin and Bremen. The company performance includes
the planning, financing, construction and operation of photovoltaics
systems on contracted roofs and free field sites as well as the construction
of turn key projects for private investors. Together with its subsidiary company,
SBU Photovoltaik GmbH, RGE has been constructing
solar systems since 1998 and has continued to expand ever since. Currently,
the group has an installed capacity of more than 70MWp and is one of the most
experienced project developer, installer, operator and investors in the
German market.
BP Solar, part of
BP Alternative Energy, is a global company. BP Solar designs, manufactures
and markets products which use the sun's energy to generate electricity for
use in the residential, commercial and industrial sectors. With over 35 years
of experience and installations in most countries, BP Solar is one of the
world's leading solar energy companies.
BP Alternative Energy,
launched in November 2005, combines all of BP's interests in low and
zero-carbon energy including wind, solar, hydrogen power with carbon capture
and storage, and biofuels. Alternative Energy
invested $1.5bn in 2006 to 2007 and around $1.4bn in 2008.
Contact
Deutsche BP AG
Mr. Ulrich Winkler
Wittener Str. 45
44789 Bochum, Germany
Phone : +49 (0) 234 315 3200
Mobile : +49
172 23 299 71
Fax: +49 234 315 64 3200
RGE Energy AG
Ms Nina L�gel
Goetheplatz 4
60311 Frankfurt a.M, Germany
Phone :+49 (0) 69 13 39 22 97
Mobile : +49
(0) 176 62 90 06 69
Fax:+49 (0) 69 59 76 76 858
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