FREIBURG, GERMANY: S.A.G. Solarstrom AG has expanded its own power plant portfolio by around 1 MWp with retroactive effect from December 31, 2011. The Group has invested in a 919 kWp roof-top system on the roof of a logistics service provider in Dortmund. The total volume of the investment is around €2 million.
S.A.G. Solarstrom AG’s own system portfolio has thus increased to 88 systems in Germany and abroad, with a total output of 26.1 MWp. With this expansion, S.A.G. Solarstrom AG is underlining the strategic significance of its own system portfolio, which is also to be further expanded in the future.
S.A.G. Solarstrom AG’s operative business is based on four pillars, with the business areas Plant Operation and Services, as well as Power Production in particular being the cutting-edge areas of the industry with a high degree of potential for the further development of the Group.
“Our own system portfolio supplies a very solid and attractive cash flow and also offers us interesting long-term options, such as opportunities for the direct marketing of green electricity“, says Dr. Karl Kuhlmann, CEO if S.A.G. Solarstrom AG. “In addition, the portfolio provides us with valuable indicators on the long-term performance of photovoltaic systems, as the oldest systems in the portfolio have been connected to grid for fourteen years.“
The Executive and Supervisory Boards have therefore decided to expand the system portfolio with a roof-top system of around 919 kWp on the roof of a logistics service provider in Dortmund (Solarpark Dortmund GmbH & Co. KG). The system produces around 920,000 kWh of electricity per year and can thus supply 200 four-person households. The production of the green electricity is also reducing CO2 emissions by 650 tons.
The Group’s own system portfolio now includes 88 systems in Germany and abroad, with a total output of around 26.1 MWp. The commercial value of the portfolio, which has been determined by a renowned auditing firm at around €76 million, has increased to over €78 million. With its system portfolio, S.A.G. Solarstrom AG has set up considerable, long-term assets over the past few years.
“We will continue to expand the power plant portfolio according to the internal and external means available to us“, explains Dr. Karl Kuhlmann. “The systems are all fully financed as individual project companies and deliver attractive, predictable earnings.“