Business
SonnenEnergy Breaks Ground on New Solar Power Park
TORONTO, Dec. 12 /CNW/ - SonnenEnergy Corp. (TSX-V: PWR), an established photovoltaic solar power...
About this update from Captiva Verde Wellness Corp
[{"type":"text","content":"\n\n\n\nTORONTO, Dec. 12 /CNW/ - SonnenEnergy Corp. (TSX-V: PWR), an established\nphotovoltaic solar power systems integrator and solar power producer, today\nannounced that it has broken ground on the first phase of a 10-acre solar\npower park in Hausen, Germany ("Solar Park Hausen"). Solar Park Hausen is the\nsecond solar park owned by SonnenEnergy, which also maintains three parks that\nit built previously for commercial customers.\n\n\n"With the completion of Phase I of the project, Solar Park Hausen will\nhave a capacity of 1,000 kWp with expected annual revenue of approximately\n(euro)400,000," said Sudhir Morar, SonnenEnergy's President and Chief\nExecutive Officer. "Future expansion of the solar park could potentially\nincrease its capacity up to 2,500 kWp."\n\n\n"We are currently securing a number of additional sites for solar parks\nin Germany and other locations in Europe that could significantly increase our\ntotal power capacity and production revenue by the end of 2008," added Mr.\nMorar. "We are also evaluating potential opportunities in North America. We\nremain focused on developing projects that will increase our total power\ncapacity and drive revenue, as we work to becoming the leading solar power\nintegrator and producer of solar power."\n\n\nSonnenEnergy has also signed contracts to develop a number of projects\nthat will be sold to customers. These projects are expected to generate\napproximately (euro)10 million in non-recurring revenue. SonnenEnergy is also\nconducting contract negotiations for a number of other projects, including\nsolar parks, which could potentially generate significant additional\nnon-recurring revenues in the next 18 months.\n\n\nAbout SonnenEnergy\n\n\nSonnenEnergy Corp. 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 has installed more than 100\nphotovoltaic (PV) solar power commercial and residential systems since 2004.\nIts European operations are headquartered in Polling, Germany and it operates\nfour solar parks in southern Germany (three that it built and maintains for\ncommercial customers and one that it operates for its own account) which have\ntotal installed capacity of more than 4,000 kWp.\n\n\nFo...