Business

SonnenEnergy announces completion of Hausen and Fischer Solar Parks and resignation of Bernard Wilson from Board of Directors and Chairman of Audit Committee

TORONTO, Jan. 13 /CNW/ - SonnenEnergy Corp. ("SonnenEnergy" or "the Company") (TSX-V: PWR), a lea...

articleCaptiva Verde Wellness CorpJanuary 13, 20093/company/captiva-verde-wellness-corp/news/sonnenenergy-announces-completion-of-hausen-and-fischer-solar-parks-and-resignation-of-bernard-wilson-from-board-of-directors-and-chairman-of-audit-committee
SonnenEnergy announces completion of Hausen and Fischer Solar Parks and resignation of Bernard Wilson from Board of Directors and Chairman of Audit Committee

About this update from Captiva Verde Wellness Corp

[{"type":"text","content":"\n\n\n\nTORONTO, Jan. 13 /CNW/ - SonnenEnergy Corp. ("SonnenEnergy" or "the\nCompany") (TSX-V: PWR), a leading photovoltaic solar power systems integrator\nand solar power producer, today announced that it completed the second phase\nof Solar Park Hausen before the end of 2008 as planned. Solar Park Hausen is\nthe second solar park owned by SonnenEnergy, which also owns and operates an\n11-acre solar park in Waldstetten, Germany. Solar Park Hausen has a peak\ncapacity of 1.7 MWp.\n\n\nSonnenEnergy also announced that it completed Solar Park Fischer, a 1.1\nMWp project for a third party customer, at a cost of (euro)4.1 million, prior\nto the end of 2008.\n\n\n"Solar Park Hausen is expected to provide the company with annual revenue\nof (euro)625,000 before debt service for the next 20 years", said Jeff Dennis,\nPresident and CEO of SonnenEnergy. "In addition, Solar Park Fischer will add\n(euro)4.1 million in revenue to the company's fourth quarter of 2008 results,\nwhich is approximately 150% more revenue than the company generated in the\nprevious 3 quarters."\n\n\nResignation of Bernard Wilson\n\n\nSonnenEnergy also announced Bernard Wilson's resignation from\nSonnenEnergy's Board of Directors and as Chairman of the Audit Committee.\n\n\nSenior management of SonnenEnergy would like to extend its gratitude to\nMr. Wilson for his diligent service during his tenure on the Board of\nDirectors.\n\n\nAbout SonnenEnergy Corp.\n\n\nSonnenEnergy is a solar power systems integrator and solar power\nproducer. The company markets, sells, designs, installs, operates, and\nmaintains grid-connected solar power systems and, since 2004, has installed\nmore than 200 photovoltaic (PV) solar power systems for commercial and\nresidential customers. The company also operates solar power plants in\nsouthern Germany, which have total installed capacity of more than 7.0 MWp.\nSonnenEnergy's corporate offices are located in Toronto, Ontario and its\nEuropean operations are based in Polling, Germany, with a sales office in\nItaly. For more information, please visit SonnenEnergy's website at\nwww.sonnenenergy.com.\n\n\nThe TSX-V has not reviewed and does not accept responsibility for the\nadequacy or accuracy of this release.\n\n\n%SEDAR: 00024825E\n\n\n","length":2392,"tagName":"div"}]

More updates from Captiva Verde Wellness Corp