WORLDNEWS
SYSTAIC achieves rapid growth Slow
SYSTAIC AG continued its experienced management team strong project partners. The
down hits
growth in 2008. According to with outstanding expertise in the solar modules will be used to
ARISE
preliminary calculations, the area of solar power plants form rooftops of greenhouses
provider of innovative and construction in the capacity which Enerparc will be ARISE Technologies
efficient energy roofs increased range exceeding 200 Mw could constructing in Sardinia as of Corporation has
corporate sales six times, from be gained for the company. spring 2009, thus realising the commented on its
EUR 31m (2007) to more than biggest building-integrated solar 2008 financial results
EUR 200 m. With a share of Heiko Piossek, CFO of systaic power plant in the world. As citing downturn
about 90%, the key sales AG: “By founding Enerparc AG, milestone payments in line with imapct and the
generator was the construction we are strengthening our market project progress were agreed outlook for 2009.
of large-scale photovoltaic power position in the project business. with the project partners,
plants. The strategic business With its experienced SYSTAIC will be able to finance “It has become
fields Energy Roof and management team, our new the power plants according to increasingly apparent
Automotive also recorded a subsidiary will focus on the the particular state of that the global
significant increase in revenue. market segment of large-scale construction, thus ensuring economic downturn
solar parks. This step became careful liquidity management. is now affecting the
systaic plans to continue its necessary as systaic AG is solar industry as well.
growth trend in 2009. The board attracting growing interest from As previously announced, The turn has been
of executives is expecting investors and project companies systaic AG sold its power plants fairly sudden and
corporate sales in the region of to build even bigger power in Spain last year. Until the significant. We began
at least EUR 260m, equaling an plants.” payment of the residual to experience the
increase of 30 % compared to purchase price is made by the effects in December
the previous year. In order to Enerparc AG has concluded far- investor, KG Allgemeine Leasing when our customers
handle the construction of large- reaching agreements on the GmbH & Co. (KGAL), an started to defer
scale solar power plants more construction of building- agreement was reached with the purchasing of PV
9
efficiently, systaic AG established integrated solar power plants at banks to extend current credit cells,” said Vern
a new subsidiary, Enerparc AG. a scale of 125 Megawatts with lines by EUR 18m, guaranteeing Heinrichs, the
www
A top-class and internationally highly reputed and financially sufficient financing. company’s recently
.solar
appointed interim
President and Chief
-pv-management.com
Dupont turns towards the sun
Executive Officer.
“Reflecting this, while
DUPONT has announced the installation of its we could have
largest photovoltaic solar energy facility at its delivered more PV
Pioneer Hi-Bred Waimea Research Center in Kauai, cells and met our
Hawaii. The Waimea photovoltaic installation is projections, our
Issue I 2009
comprised of 1,500 panels. The one-acre array is actual fourth-quarter
capable of generating about 85 percent of the shipments were
energy needs of the research facility. It is expected approximately
to generate 706,205 kilowatt hours (kwh) annually, 6.2MW, a 24%
or enough power for 64 average-size homes. By increase from the
using renewable energy, the facility will save 5MW shipped in the
Pioneer about $200,000 per year in avoided 2008 third quarter.
purchased electricity costs.
development. DuPont technologies enable higher “As a result, we
“This installation is a great example of our power output with improved productivity and currently expect to
commitment to be both a key materials and increased solar module lifetime. report 2008 fourth-
technology supplier to the photovoltaic industry, quarter revenue of
and also a leader of solar power use,” said Marc DuPont publicly established environmental goals about $18.5-19.5
Doyle, global business director – DuPont 19 years ago and has broadened its sustainability million, which is
Photovoltaic Solutions. commitments beyond internal footprint reduction to below the $21 million
include market driven targets for both revenue and to $24 million range
DuPont offers one of the broadest portfolio in the research and development investment. The goals that we had projected
solar energy market with eight essential products. are tied directly to the company’s business growth, in our 2008 third-
DuPont is a leading material and technology specifically to the development of safer and quarter result news
supplier to the photovoltaic industry with more than environmentally improved new products for key release of November
25 years of experience in photovoltaic materials global markets served by the company. 11, 2008,” he said.
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