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press release Contact Dr. Ralf Koch Public Relations T +49 (0) 29 61 - 9 66 46 - 67 F +49 (0) 29 61 - 9 66 46 46 - 6 7 M +49 (0) 1 51 - 12 25 04 60 [email protected] Administration and Purchasing solarhybrid AG Keffelker Str. 14 59929 Brilon, Germany PV Project Business solarhybrid AG Zirkusweg 2 20359 Hamburg, Germany solar hybrid capital management gmbh OpernTurm 60306 Frankfurt, Germany solarhybrid builds Europe’s largest solar power plant  Expansion of the FinowTower solar park in Finowfurt in the German state of Brandenburg – total capacity: 84.5 megawatts Hamburg, Frankfurt am Main, Brilon, Markranst ädt, 1 September 2011 – Working as a gene- ral contractor , solarhybrid AG is beginning the expansion of the FinowTower solar park on the site of the former military aireld in Eberswalde/Finowfurt in the municipality of Schorfheide. The expansio n will add 60 .2 megawatts to the existing park, increasing the power plant’ s to- tal capacity to 84.5 megawatts. As a result, FinowTower will become the largest solar power plant in Europe, covering a total area of 260 football elds. The FinowT ower II expansion has a total contract value for solarhybrid of approx. 111.5 million euros. Deutscher Solarfonds Stabilität 2010 GmbH & Co. KG – which was founded by Altira Renewables Manageme nt GmbH – is solarhybrid’s client in the project, investor and the plant’s operator. Commerzbank AG is providing the external nancing. Project development by solarhybrid solarhybrid developed the entire utility-scale project by itself, from the rst idea to readying construction and acquiring the necessary building permits, including the nancing and struc- turing. This expansion follows the successful completion of the rst stage of construction, FinowT ower I. The expansion was made possible through the purchase of the property from WVZ Wirtschafts-Verkehrs-Zentrum Finow GmbH & Co. KG under the direction of Reinhard Otto, who played a crucial role in the project’s development. During the past ten months, solarhybrid worked closely with the municipality of Schorfheide to prepare the main construction plans needed to acquire the right to build and, as a result, the necessary permits. In this context, Mayor Uwe Schoknecht was a rm supporter of the project. The ofce of Dörner + Partner in Eberswalde served as the planning agency during the construction planning process, as it did during the rst stage of construction. The company carried out its duties under the direction of Uwe Kleber , who also oversaw the construction application process. solarhybrid would like to thank all the employees involved in the project at the district of Barnim’ s respective government agencies for their expedient work. Planning, installation, systems technology solarhybrid’ s proven partners from prior utility-scale projects are also involved in the construc- tion of FinowTower II – namely , photovoltaic modules from Suntech, inverters from SMA, mounting technology from Mounting Systems, and installation and planning carried out by Conecon and Enerparc, respectively . The foundation was created using 60,000 piles that were driven up to three meters deep into the earth. The lion’s share of the driven piles are being delivered from around the region by

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press release

Contact

Dr. Ralf Koch

Public Relations

T +49 (0) 29 61 - 9 66 46 - 67

F +49 (0) 29 61 - 9 66 46 46 - 67M +49 (0) 1 51 - 12 25 04 60

[email protected]

Administration and

Purchasing

solarhybrid AG

Keffelker Str. 14

59929 Brilon, Germany

PV Project Business

solarhybrid AG

Zirkusweg 2

20359 Hamburg, Germany

solar hybrid capital

management gmbh

OpernTurm

60306 Frankfurt, Germany

solarhybrid builds Europe’s largest solar power plant

 Expansion of the FinowTower solar park in Finowfurt in the Germanstate of Brandenburg – total capacity: 84.5 megawatts

Hamburg, Frankfurt am Main, Brilon, Markranstädt, 1 September 2011 – Working as a gene-

ral contractor, solarhybrid AG is beginning the expansion of the FinowTower solar park on the

site of the former military aireld in Eberswalde/Finowfurt in the municipality of Schorfheide.

The expansion will add 60.2 megawatts to the existing park, increasing the power plant’s to-

tal capacity to 84.5 megawatts. As a result, FinowTower will become the largest solar power

plant in Europe, covering a total area of 260 football elds.

The FinowTower II expansion has a total contract value for solarhybrid of approx. 111.5

million euros. Deutscher Solarfonds Stabilität 2010 GmbH & Co. KG – which was founded by

Altira Renewables Management GmbH – is solarhybrid’s client in the project, investor and the

plant’s operator. Commerzbank AG is providing the external nancing.

Project development by solarhybrid

solarhybrid developed the entire utility-scale project by itself, from the rst idea to readying

construction and acquiring the necessary building permits, including the nancing and struc-

turing. This expansion follows the successful completion of the rst stage of construction,

FinowTower I. The expansion was made possible through the purchase of the property from

WVZ Wirtschafts-Verkehrs-Zentrum Finow GmbH & Co. KG under the direction of Reinhard

Otto, who played a crucial role in the project’s development.

During the past ten months, solarhybrid worked closely with the municipality of Schorfheide

to prepare the main construction plans needed to acquire the right to build and, as a result,

the necessary permits. In this context, Mayor Uwe Schoknecht was a rm supporter of the

project. The ofce of Dörner + Partner in Eberswalde served as the planning agency during the

construction planning process, as it did during the rst stage of construction. The company

carried out its duties under the direction of Uwe Kleber, who also oversaw the construction

application process. solarhybrid would like to thank all the employees involved in the project

at the district of Barnim’s respective government agencies for their expedient work.

Planning, installation, systems technology

solarhybrid’s proven partners from prior utility-scale projects are also involved in the construc-

tion of FinowTower II – namely, photovoltaic modules from Suntech, inverters from SMA,

mounting technology from Mounting Systems, and installation and planning carried out by

Conecon and Enerparc, respectively.

The foundation was created using 60,000 piles that were driven up to three meters deep into

the earth. The lion’s share of the driven piles are being delivered from around the region by

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press release

WWF Solar in Eberswalde. The piles have a length between 2.20 and 3.50 metres, depen-

ding on the condition of the soil, and cover a total distance of 171 kilometres when placed

end to end.

As with FinowTower I, photovoltaic modules from Suntech are once again being used for

FinowTower II. 317,214 Suntech STP 190 solar modules will be installed on what’s known

in the industry as “module tables,” which are being supplied by the Berlin-based company

Mounting Systems. The PV modules will be installed at a slant, with four overlapping rows

of nine modules next to each other. As a result, one module table from Mounting Systems’

Sigma series can hold 36 PV modules. A total of 8,810 module tables, each 14.5 meters

long, will be installed. Walking the total length of the module tables, which together are

128 kilometres long, would be like completing three full marathons.

While in the FinowTower I plant, central inverters from SMA were installed in concrete

compact stations, central inverters from SMA’s new outdoor generation, namely the Sunny

Central 630 and 720 CP models, will be used in FinowTower II.

The region and the environment will see a lasting beneft

solarhybrid plans to connect the FinowTower II solar park to the E.ON edis grid by the end

of December. In order to achieve this goal, up to 400 employees will be on-site to ensure

that construction proceeds at a rapid pace. This also includes numerous employees from

the region. In addition, a number of regional companies are also involved in the large-scaleproject: the planning ofce Dörner + Partner, the surveyor’s ofce Kühne, FGGK for ord-

nance disposal, demolition work, and site preparation (which cleared the site of 30 tonnes

of ordnance), and the suppliers Mounting Systems and WWF. In addition, the municipality

of Schorfheide can count on receiving substantial corporate tax revenues over the next 20

years.

The FinowTower I + II solar power plants are expected to generate 82 million kilowatt-hours

(kWh) of electricity annually, enough to cover the demand from 23,500 households. With

a reduction in harmful carbon dioxide (CO2) of 1,550,000 tonnes over its 20-year lifespan,

FinowTower plays an important role in reducing greenhouse gas emissions and expanding

the use of renewable energies.

As part of the FinowTower II construction process, compensatory measures required by

conservation law with a value of close to three million euros will also be carried out. These

measures include “unsealing” a similarly large area of earth (i.e. removing structures

covering the earth for the purpose of maintaining the overall level of the water table), the

initial forestation of approx. ve hectares of forest, and the creation of 58 hectares of dry

eld area and approx. 9 hectares of larch forest (as well as tending to these areas over a

period of 20 years). In addition, the substation which must be built and the power lines

connecting the plant to the high-voltage power grid have been integrated into the forest to

maintain the landscape’s overall natural appearance.

The entire construction process will be documented by four time-lapse cameras. Images

from the cameras will be streamed live on solarhybrid’s website (www.solarhybrid.ag) after

construction begins.

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Project data

Project developer,

general contractor: solarhybrid AG

Client and investor, Altira AG through Deutscher Solarfonds

Stabilität 2010 operator: GmbH & Co. KG

External nancing: Commerzbank AG

Total contract value

for solarhybrid AG: approx. €111.5 million (net)

Total project value: approx. €120 million (net)

Grid operator: E.ON edis AG

Total capacity – FinowTower I: 24.3 MW

Total capacity – FinowTower II: 60.2 MW

Total capacity – FinowTower I + II: 84.5 MW

Annual output – FinowTower I: 23.5 million KWh/a

Annual output – FinowTower II: 58.5 million KWh/a

Annual output – FinowTower I + II: 82 million KWh/a

Reduction in CO2 emissions – FinowTower I: 450,000 tons over 20-year lifespan

Reduction in CO2 emissions – FinowTower II: 1,100,000 tons over 20-year lifespan

Reduction in CO2 emissions – FinowTower I + II: 1,550,000 tons over 20-year lifespan

Planning: Enerparc AG

Installation: Conecon GmbH

PV modules: Suntech Power International Ltd.,

317,214 Suntech STP 190 modules

Central inverters: SMA Solar Technology AG,

73 Sunny Central 630 and 720 CP inverters

Mounting technology: Mounting Systems GmbH,

8,810 Sigma series module tables

Driven piles – FinowTower II: WWF Solar GmbH und Kaefer GmbH,

60,000 piles in total

Site size: Finow II: 210 hectares, 130 hectares of which are

developed, Finow I + II: 280 hectares,

185 hectares of which are developed,

remaining area: biotope and ecological

compensation area

Property type: Converted military site

Site clearing: FGGK GmbH

Location: 16244 Schorfheide, Finowfurt district

Construction period: September 2011 to December 2011

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Overview FinowTower I + FinowTower II

This press release can also be downloaded with images from the press section of our website

http://www.solarhybrid.ag/pm.html

About solarhybrid – www.solarhybrid.ag

solarhybrid AG develops, plans, and builds turnkey solar power plants up to a capacity in

the three-digit megawatt range all over the world. In this context, the company offers

comprehensive technical and nancial solutions for such power plants. Project nancing,

structuring and marketing are all carried out by solarhybrid capital management GmbH,

a wholly owned subsidiary of solarhybrid AG. A list of references with a total capacity of 

295 megawatts (both completed and commissioned projects) is proof of the company’s

expertise in technical, organisational and nancial project management. The company

is operated from its locations in Hamburg, Frankfurt am Main and Brilon. The company’s

stock is traded on the Open Market of the Frankfurt Stock Exchange.

FinowTower I

FinowTower II