SonnenEnergy Breaks Ground on New Solar Power Park
SonnenEnergy Corp, an established
photovoltaic solar power systems integrator and solar power producer, today
announced that it has broken ground on the first phase of a 10-acre solar
power park in Hausen, Germany ("Solar Park Hausen"). Solar Park Hausen is the
second solar park owned by SonnenEnergy, which also maintains three parks that
it built previously for commercial customers.
"With the completion of Phase I of the project, Solar Park Hausen will
have a capacity of 1,000 kWp with expected annual revenue of approximately
(euro)400,000," said Sudhir Morar, SonnenEnergy's President and Chief
Executive Officer. "Future expansion of the solar park could potentially
increase its capacity up to 2,500 kWp."
"We are currently securing a number of additional sites for solar parks
in Germany and other locations in Europe that could significantly increase our
total power capacity and production revenue by the end of 2008," added Mr.
Morar. "We are also evaluating potential opportunities in North America. We
remain focused on developing projects that will increase our total power
capacity and drive revenue, as we work to becoming the leading solar power
integrator and producer of solar power."
has also signed contracts to develop a number of projects
that will be sold to customers. These projects are expected to generate
approximately (euro)10 million in non-recurring revenue. SonnenEnergy is also
conducting contract negotiations for a number of other projects, including
solar parks, which could potentially generate significant additional
non-recurring revenues in the next 18 months.
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