Solar company to build a total of 20 large projects for major Greek investor from 2011 on

• Most important milestone for Conergy Greece to date
• Solar champion Greece: installed output to be increased 40-fold by 2030
• Nearly 50% sales outside Germany: Conergy with strong footprint in international markets

The Conergy Group is continuing on a winning course in the emerging Greek solar market with its Conergy system technology. The company is currently building Greece’s largest solar park. The Hamburg-based company has just concluded a 32-MW framework agreement for the construction of 20 solar power plants with a major local investor. The agreement is the largest to date in the country’s fledgling solar energy history.

Head of Conergy Greece: ‘Most Important Milestone to Date in Greece’

"In terms of maintaining and expanding our market leadership in Greece, this is the most important milestone to date", says Dieter Schmitt, head of Conergy Greece. "I am particularly pleased that we will be equipping the power plants almost exclusively with our own Conergy system technology, i.e. with Conergy PowerPlus modules, Conergy IPG inverters, and Conergy mounting systems from our own production. This is clear proof of the quality awareness of our Greek customers."

Approval of the 20 projects with one to four MW is now about to be finalised. Many of the production licenses are already on hand for all planned parks and the last permits are expected shortly. Conergy will be able to begin construction activities as general contractor for all parks at the beginning of the second quarter of 2011 at the latest. After a maximum construction period of 18 months, all solar parks are expected to be connected to the public grid and supply clean energy from the Greek sun.

Solar champion Greece: installed output to be increased 40-fold by 2030

This sun has always guaranteed a particularly high level of irradiation in Greece. Furthermore, the high incentives from the government in Athens make solar energy highly attractive. Depending on plant size, investors receive EUR 0.45 to 0.50 per kWh for their solar plants. With this strategy, Greece wants to promote the energy from the sun in order to raise the share of renewable energies in overall energy consumption to some 18 percent by 2020. This said, the Greeks want to increase their installed solar output 40-fold by 2030.

Already nearly 50% sales outside Germany: Conergy with strong footprint in international markets

Conergy CEO Dieter Ammer: "Greece’s largest framework agreement shows two things. Our system manufacturer strategy pays: as the world’s only provider of inhouse-produced solar system solutions, we are increasingly selling self-manufactured products. This ensures maximum quality for the customer and a good margin for us. Moreover, our expansion to international solar markets of the future has proved successful: already today we achieve nearly 50% of our overall sales outside Germany, we are firmly rooted in all core solar markets worldwide, and we are even the market leader in some of them. This greatly strengthens our position, as it enables us to compensate market fluctuations more easily."

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