Hamburg, 24. February 2010 - COLEXON Energy AG, a leading project developer and operator of highly profitable solar power plants, scores another success in the international competition. The company, located in Hamburg, is starting to erect a solar power plant with a total capacity of 993.3 kilowatt peak (kWp) in the North Italian community Imola.
At the end of last year, COLEXON secured the property and project rights for the construction of a solar power plant in Imola. After having completed the formalities in December, the company broke ground and started the realization. Thorsten Preugschas, CEO of COLEXON Energy AG, sees the complete package as another milestone for the company. “Establishing our international commitments with the solar power plant in Imola, allows us to continue our growth trend consistently despite of possible upcoming changes in the feed-in compensation in Germany. As Italy is one of the most significant growth markets, it is of great importance.“
Successful market entry with strong partner network
The project in Imola is expected to be completed in the first half of the year 2010. Within this, process, COLEXON emphasizes on a strong incorporation of local subcontractors that were engaged for the establishment of the company in the Italian market. COLEXON has teamed up with Cleantech in planning and developing the solar power plant. The erection of the solar park and its commissioning has been arranged in close cooperation with several local partner companies.
COLEXON and Imola present prestige project
At yesterday’s celebration, the mayor Daniele Manca emphasized the positive signal for the city due to COLEXON’s investment in times of the financial crisis. CEO Thorsten Preugschas highlighted the location as an optimal starting point for further activities. COLEXON’s new partners, the Imola community, the local subcontractors as well as the energy supplier, set the ideal basis for a long-term cooperation by showing extraordinary commitment.
Economically and ecologically very attractive
It is planned to use a total of 4,620 polycrystalline modules of the manufacturer Moser Baer on an area of 2.35 hectares for this project. In addition to this, SMA inverters will convert the yearly 1.1 million generated kilowatt-hours into grid-compliant alternating current. The plant is economically attractive as the feed-in tariff in Italy is remarkable and guaranteed for 20 years. For the city of Imola, this solar power plant means a reduction in CO2 emissions of about 80 tons per year. Furthermore, it will be able to supply about 500 households with environmentally friendly electricity. The Imola community and COLEXON are pursuing the common objective of realizing further economically and ecologically interesting projects in that region like the one mentioned above, to build up a long-term partnership.