Conergy AG

euro adhoc: Conergy AG
EU approves subsidies for development of Conergy PV plant in Frankfurt an der Oder

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Hamburg, 20 December 2006 - The European Commission today authorised EU money for Hamburg-based Conergy AG to develop the world’s most modern PV production facility. The plant in Frankfurt an der Oder will generate more than 1,000 jobs in the medium term and from mid-2007 will manufacture state-of-the-art PV modules with the "Made in Germany" label.

European funds have been approved for Conergy’s overall investment plans in the Frankfurt-Oder region, including a possible second development phase. Due to the high total investment, the EU’s approval of EUR 76 million in funding was a prerequisite for progress-related disbursement of funding by the State of Brandenburg.

About Conergy Conergy AG is considered to be the highest volume solar company in Europe, and also numbers among the leading international providers of other rapidly growing fields of renewable energy, including bioenergy. Conergy pursues a customer-oriented global growth strategy which aims to offer each energy consumer worldwide the most appropriate technology in attractive markets for renewable energies. In foreign markets, the energy requirement for electricity, heat or cooling varies greatly. Conergy therefore offers a wide range of regenerative energy products, and has an internationally oriented management team. The Conergy Group is now represented with its own branch offices on five continents.

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ots Originaltext: Conergy AG
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Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 237 102 171

Branche: Energy
ISIN:      DE0006040025
WKN:        604002
Index:    TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
              Midcap Market Index
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade

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