Scheuten Solar signs master agreement with Wattner - Financing for solar power plants worth 90 Mio EUR / Watter secures portfolio of turn key installations

Venlo/Cologne - Wattner AG of Cologne, Germany, and Scheuten Solar of Venlo, Netherlands, announce the signing of a master agreement for the financing and construction of solar power plants worth 90 Mio EUR. Both companies enter an extensive cooperation with this agreement. Scheuten Solar as solar panel manufacturer and general contractor is responsible for the turnkey engineering, procurement and construction (EPC) whereas Wattner renders the project financing. “With Scheuten Solar, we ensure a high quality for our projects and secure an important strategic partner with whom we also worked very well together in the past. Scheuten, for example, delivered the solar panels for our 1,7 MegaWatts (MW) ground installation near the city of Meerane.” explains Wattner Managing Director Ulrich Uhlenhut. “A novelty of the project is its location along the Autobahn A4 on a 1.2 km sound protection wall.”

The agreement between Wattner and Scheuten Solar spans six years. “We can completely focus on our technological core competencies with Wattner as investor.” says Marinus Boogart, Marketing & Sales Director of Scheuten Solar. “This master agreement with a total volume of 30MW secures us steady flow of sales over a couple of years.”

Arising from the cooperation is a projects pipeline in Spain and Italy with about 4MW; about 1MW will be completed in Germany in 2007.


About Wattner
Wattner AG conceives and finances solar renewable energy projects. The company structures projects financially, raises project equity and debt, arranges preliminary financing and engages into project controlling during the project realization and operation phases. Managing Director is Ulrich Uhlenhut.

Wholly owned subsidiaries are Wattner Kapital AG and Wattner Projektentwicklungsgesellschaft mbH. The Wattner group realized solar installations of more than 31 Mio EURO between 2004 and 2007.

About Scheuten Solar
Scheuten is a leading and fast growing manufacturer of total solutions in glass and solar energy systems with its head office in Venlo. At the end of 2006 Scheuten employed a staff of 1,200 and turnover exceeded 200 million euros.

Scheuten continually invests in new developments. New innovative glass products are developed by combining knowledge from all its production facilities. Cooperation with leading universities and research institutes leads to sustainable, functional solutions in the fields of glass and solar technology.


Venlo/Cologne, August 21, 2007


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Attention editorial offices: For further questions please contact:

Scheuten
Lilian Geurtjens
Communication Manager
Telefon: +31 77 3599202
Fax: +31 77 3599227
E-Mail: lgeurtjens@scheuten.com target=_blank>lgeurtjens@scheuten.com
Internet: http://www.scheuten.com

Wattner
Nina Meingast
Public Relations
Telefon: +49 221 759 92-574
Fax: +49 221 759 92-579
E-Mail: presse@wattner.de target=_blank>presse@wattner.de
Internet: http://www.wattner.de

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