Press release of Conergy AG (ISIN DE 00060 40025) from 12 June 2006

Sulzbach near Saarbrücken, 12 June 2006. The leading European solar wholesaler AET Alternative-Energie-Technik GmbH continues to expand internationally into promising solar markets and as of now is also based close to customers in the Republic of Cyprus with its own subsidiary. By acquiring AET Solar in Limassol, a spin-off of the solar division of Cypriot electronics wholesaler and installation company G.G.A.M Electrical Services Ltd., AET has taken an ideal position early on for effective operations in the growth market of solar. With George Georgiou, hitherto managing owner of AET Solar, and Dieter Schmitt, chief executive of Greek AET Solion, there will be two managers running the subsidiary with profound experience of both the region and the solar industry.
“With over 300 days of sunshine a year and a total solar radiation of some 1,700 kilowatt hours (kWh) per square metre, Cyprus not only provides the best geographical and climatic conditions in which to harness solar energy,” said Dieter Schmitt, “thanks to the amendment of the existing buyback price which the Cypriot government has announced will be implemented this year we can also expect a significant increase in demand for regenerative system solutions.” Not only does the amendment bring the prospect of a significantly higher buyback price in the amount of 39 cents per kilowatt hour, it also promises a considerable simplification and acceleration of the permit application procedure. When it acceded to the European Union, Cyprus took on the obligation to implement the European eco-electricity directive and to develop by 2010 the percentage of the total electricity supply represented by regenerative energies to over six per cent. Currently regenerative energies are estimated to account for just 0.02 per cent.

Background Information on AET
Established in 1991, AET Alternative-Energie-Technik GmbH is the leading European trading company in solar technology components. AET distributes powerful products for an extremely wide range of applications in solar energy generation: Photovoltaic system solutions suitable for every building roof for the feeding-in of environmentally friendly electricity into the public grid or also island solutions, which assure self-sufficient electricity supply. In addition, high-quality components for the generation of solar-powered heat: from high-quality flat-plate collector to controllers in various performance classes right up to and including the right affixing technology. Pump units, collectors, heat-conducting fluid and other accessories complete the range of harmonised components. As competent partner to expert installers, AET not only sets itself apart with first-class products and the excellent technical expertise of its employees, but also provides its customers with professional support with regard to logistics, service and marketing issues. In addition to the company headquarters in Sulzbach bei Saarbrücken, AET is represented Europe-wide with branch offices in Germany, France, Spain, Italy, Greece, Switzerland and now in Cyprus, too.

For more information please contact:

Conergy AG
Tilman Birlin
Public Relations
Anckelmannsplatz 1
20537 Hamburg

Tel: 040 / 23 71 02-167
Fax: 040 / 23 71 02-405
E-Mail: presse@aet.de>presse@aet.de
Internet: http://www.conergy.de


AET
Alternative-Energie-Technik GmbH
Industriestrasse 12
66280 Sulzbach-Neuweiler
Tel: 06897 / 92 48 7-0
Fax: 06897 / 92 48 7-55
Internet: http://www.aet.de

Sprache:

Online-Pressemappe - alle Pressemitteilungen der Conergy AG | RSS-Feed abonnieren

---

Pressebilder nur für die redaktionelle Verwendung
Hinweis: Für den Inhalt der Pressemitteilung ist der Emittent / Herausgeber der Meldung »Conergy AG« verantwortlich.