Beck Energy and Renewagy A/S enter into a general contractor agreement for the construction of a solar power plant with an overall capacity of 8.5 MWp (First Solar)

Kolitzheim - Renewagy A/S and Beck Energy signed a general contractor agreement about for the construction of a solar power plant in Eckolstädt near Jena. With more than 8.5 MWp nominal capacity, the facility will be one of the largest of its kind in Germany and resembles the cornerstone for a further strategic partnership of the two companies. A corresponding framework agreement for the next project is already being planned.

The Renewagy 7th solar project company is part of the stock-listed Renewagy A/S and is specialized in long term investments in the sector of renewable energies. With its commitment focusing in past years on the field of wind energy, Renewagy A/S had been expanding its targets for a long time to the production of solar power.

"We highly value capital investments with long term and above all safe returns from the environmentally sound production of energy. Photovoltaics meet exactly these requirements. However for this kind of extensive projects we must depend on solid project planning as well as realization through such reliable and trustworthy partners as we have found with Beck Energy," states Dr. Alexandra von Bernstorff, Chief Executive Director Renewagy A/S, Denmark.

"Our continuous process improvement in the areas of project development and realization definitely strengthens our competitive advantage. The use of proven First Solar thin film technology guarantees consistent high yields for our projects," confirms Martin Zembsch, CEO Beck Energy GmbH.
"Photovoltaic power plants offer a series of advantages compared with solar-thermal and coal power plants as well as other common technologies. They have lower requirements for the specific conditions at a location, need considerably shorter planning and implementation times and are scalable to very high degree. The new generation of Beck Energy solar power plants will again significantly improve the profitability, thus opening up possibilities for the production and supply of environmentally sound and inexpensive energy to other customers, such as communal providers and power supply companies in addition to the DKA."

In the valley of the Saale River, more than 110,000 FS thin layer modules in an area of almost 50 football fields will produce a peak capacity of more than 8.5 MWp, whereby the innovative structure of the base construction leaves more than 90% of the vegetation untouched. Annually more than 8 giga watt hours of electrical energy will be produced, enough energy for around 2500 households. In comparison to the production of energy from fossil fuels, annually more than 6000 tons of the greenhouse gas carbon dioxide (CO2) is saved.


Information on Beck Energy:

Beck Energy GmbH is one of the leading companies for the planning and building of turnkey ground based solar power plants. Throughout Europe, the company has provided pioneer work in this sector and built some of the largest solar power plants. Beck Energy was the first bulk purchaser of First Solar modules (Nasdaq: FSLR) and introduced these products to the market in the year 2003. More information on Beck Energy can be found at the internet page of the company:
http://www.beck-energy.com.


Information on DKA Renewable Energy:

Renewagy A/S is a renowned Danish company which has acquired and operated wind and solar parks for many years. As an independent energy producer, Renewagy operates throughout Europe. In addition to numerous wind power facilities, Renewagy today already has a solar portfolio with a volume of 50 MWp.


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Picture caption: Beck Energy solar power plants use the innovative thin film technology (http://www.firstsolar.com)



Kolitzheim, 29th July 2008


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