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SOLARIA CONTINUES TO DEVELOP TURNKEY PROJECTS IN EUROPE

Madrid, 23th December 2011

 

Solaria Energía y Medio Ambiente, S.A., the only Spanish solar company listed in the stock market, has developed two PV turnkey projects in Germany with a total value of over 13 million Euros.

 

These two ground mounted PV plants, are located the first one in an industrial field and the second one in a conversion land in the state of Brandenburg , enabling synergies in the management, operation and maintenance works. Both projects will be completed before December 31.

With these two new projects, Solaria strengthens its position as developer of pv plants in Germany, a key market for Solaria due to its regulatory stability and where the company is already present with a 6.4 MW PV plant located in the state of Bavaria.

 

During the third quarter of 2011, the turnkey projects business line reached more than 31 million, representing a growth of 26% over the same period of 2010.

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