Ad-hoc | 19 November 2011 12:10
3U HOLDING AG / Key word(s): Strategic Company Decision/Real Estate
19.11.2011 12:10
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Purchase of a 26 ha property
- Total investment volume of around EUR 25 million
- Solar farm with a capacity of more than 10 megawatts (MW)
- Immediate start of construction, completion by spring 2012
3U HOLDING AG is expanding in the field of project planning and constructs
its first solar park. The solar park developed in Adelebsen, Lower Saxony,
will be realized on an approximately 26 hectares large, former industrial
area and will have a capacity of slightly more than 10 MW. 27,000 square
meters of rentable floor space was also purchased with the property. The
capacity is both installed on the roofs of the halls as well as in open
space.
The total investment volume for the site Adelebsen will amount to
approximately EUR 25 million. The financing of this project is carried out
short term with own resources; attractive debt financing is sought in the
medium-term.
The construction of the roof areas will commence immediately and should be
completed this year. The photovoltaic modules assembled on the open space
will be connected by spring of 2012. 3U HOLDING AG will increase its
involvement in this field and will develop other projects as well.
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Information and Explaination of the Issuer to this News:
3U HOLDING AG has recently announced in the quarterly report III/2011 to
expand its engagement in the field of renewable energies in the future even
more broadly and enhance its product and service range continuously. In
this context, 3U HOLDING AG has developed a five-pillar strategy based on
the pillars of production, trade, services and increasingly
consultancy/planning and project development. The necessary know how has
been built up in recent quarters, both internally as well as with a strong
network of partners.
The solar park being built in Adelebsen, Lower Saxony will have a capacity
of around 10 MW. This is equivalent to the energy needed by about 2,500
households annually and it will avoid the output of 5,500 tons of CO2 per
year.
The project is being implemented at an approximately 26 hectares former
industrial area and is an example of how fallow conversion areas can be
used sustainably and environmentally friendly. Mostly modules from Canadian
Solar will be used. These modules have also been sold through the
Subsidiary 3U SOLAR Systemhandel AG since the spring of 2011.
3U HOLDING AG plans in close coordination with local authorities all major
administrative decisions and experiences benevolent support from political
leaders. On this project says Dinah Stollwerck-Bauer, Mayor of Adelebsen:
'We are delighted that 3U HOLDING will develop this derelict industrial
area into a solar farm. The Adelebsen citizens can be proud that one of the
major solar projects in Lower Saxony is realized here.'
Michael Schmidt, CEO and founder of 3U HOLDING AG: 'The solar park
Adelebsen is a flagship project for our Group and a clear demonstration of
our capabilities in this area. At the same time this should be the starting
point for further high-quality parks.'
Contact:
Peter Alex
Head of Investor Relations
3U HOLDING AG
Frauenbergstraße 31-33
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: IR@3U.net
www.3u.net
19.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: 3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Germany
Phone: +49 (0)6421/999-1200
Fax: +49 (0)6421/999-1222
E-mail: IR@3U.net
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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