DGAP-News: Global EcoPower S. A.: Global EcoPower closes agreement with T-Solar to develop and build 120MWp in France within three years

Global EcoPower S. A. / Joint Venture

27.01.2010 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

  - The development, construction and operation of these plants will be
through a joint venture called T-SEP and formed on a 50-50 basis by these
two groups.

  - GLOBAL ECOPOWER is currently developing 36 solar power projects
representing an installed capacity of 270 MWp, mainly in the South of
France.

  - T-SOLAR currently has 143.15 MWp installed solar power operating in
Spain plus another 25 MWp being built in Spain and Italy, currently nearing
completion.

  - ALLIANZ CLIMATE SOLUTIONS has been advising the two groups till
closing.

27th January 2010: Global EcoPower has just sealed an agreement with
Spanish T-Solar Group, a leader in the South of Europe on photovoltaic
electric power generation market -in terms of installed capacity-, to
jointly develop 120 MWp in France over the next three years.

The promotion, construction and operation of these photovoltaic plants will
be through a joint venture, called T-SEP and formed on 50-50 basis by
Global EcoPower and T-Solar.

The joint venture will benefit from the secured regulatory framework in
France for solar installations, in vigor during the next three years. The
French Government officially published on January 12th 2010 very attractive
feed-in-tariffs for ground (31.4cEUR/Kwh plus indexation) as well as roof
top installations (between 42cEUR and 50cEUR/Kwh plus indexation), with an
obligation to buy the production 20 years long.

The two companies therefore see this strategic alliance as benefiting and
expediting their respective plans for growth. By virtue of the agreement,
the power plants promoted by this joint venture will be insured by the
German Allianz company, through its subsidiary Allianz Climate Solutions.

The working agreement between the two companies is born as a result of
T-Solar having found in Global EcoPower a professional team, with
successful background in the renewable energies sector which is
well-positioned in the growing development of the French photovoltaic
market and Global EcoPower having found in T-Solar the know-how, management
capability and the support of a leading company in the development,
construction and operation of photovoltaic power plants.

Global EcoPower, promising photovoltaic player in France

The French based group Global EcoPower has decided to concentrate its
activities on the development,construction and operation of solar projects
in France. Reinforced by the experience of its founders in renewable
energies, Global EcoPower is currently developing 36 projects representing
a potential installed capacity of 270 MWp, mainly in the South of France,
with ground or roof-tops of greenhouses where land has already been secured
and permit process is ongoing. The group's strategy is to keep 50% of the
plants for own account and to sell the remaining 50% to third parties.

Global EcoPower CEO, Jean Marie Santander, terms the agreement reached as
'expediting Global Ecopower's development in French territory, given that
T-Solar will be sharing its know-how and its relations with banking
institutions and suppliers'. He also believes that 'Global EcoPower will
also be benefiting from T-Solar's experience in building and operating
photovoltaic projects on a turnkey basis'.

T-Solar, 143.15 MWp in operation

Since the T-Solar Group was first formed in 2007, it has built up a
currently operating installed power of 143.15 MWp through the 28
photovoltaic power plants it has developed and operates in Spain, totaling
a cumulative 218,860 MWh output by the end of 2009.

Besides, T-Solar also has another 14 photovoltaic power plants on which
construction is currently nearing completion, which are expected to start
operation during the first half of 2010, totaling an installed power of 25
MWp. Six of these power plants are being built in Spain (17 MWp), between
ground and roof, and the other eight being built in Italy (8 MWp).

T-Solar General Manager, Juan Laso, points out the company's entry onto the
French market as 'comprising part of the ambitious international expansion
plan set out up to the 2015 horizon line' and 'contributing to bolster the
company's leadership worldwide on the photovoltaic-based clean electric
power generation market'.

Karim Tamir, director of Business Development & Origination of Allianz
Climate Solutions says: « This partnership will help to further reinforce
solar power capacity in the French market and thereby contribute to
national climate targets, whereby Global EcoPower will grant access to a
large number of high value projects and T-Solar will provide its strong
experience and know how as one of world largest independent power
producers. In this regard, Allianz will contribute its insurance expertise
to the project pipeline'.

ABOUT GLOBAL ECOPOWER

Based in Aix en Provence, listed on the Marché Libre NYSE Euronext Paris
and at the Open Market of the Frankfurt Stock Exchange, Global EcoPower has
been created in 2008 with a seasoned team of successful entrepreneurs in
the renewable sector, engineers and project finance professionals.
Supported by a strong local lobbying, the company is developing solar power
projects in the South of France and covers all development stages leading
to electricity production, like land prospecting, signature of leases,
technical studies, modeling, financial optimization and project finance,
impact studies, grid connection, licensing, panels supply, building
organization, piloting and coordination till commissioning, operation and
maintenance.

ABOUT T-SOLAR

A leader in the south of Europe on photovoltaic solar energy generation in
terms of installed capacity, T-Solar is a group of a marked technological
and industrial type advocating clean electric power generation by
harnessing the sun's energy. T-Solar has invested over 1 billion euro in
getting a business project under way taking in all links in the
photovoltaic sector's value chain: manufacturing the largest modules on the
market (5.7 m²) with cutting-edge thin-film hydrogenated silicon technology
at its new plant in Orense (Galicia) and has 28 photovoltaic power plants
currently operating in Spain, with an installed power of 143.15 MWp, having
produced, in 2009, a total of 218 GWH (enough power to meet the annual
demand of a population of 200,000 inhabitants). Additionally, they
currently have 14 power plants in the development stage in Spain and Italy,
totaling an installed power of 25 MWp. T-Solar has generated to date 224
jobs.

For more information :

Global EcoPower

Philippe Perret (+33 4 42 24 50 16)
contact@global-ecopower.com
website: www.global-ecopower.com

Communication Department T-Solar Group

Isabel Saracho (+ 34 91 743 23 29)
Isabel.saracho@tsolar.eu

María José Murillo (+ 34 91 324 89 19)
mariajose.murillo@tsolar.eu


27.01.2010  Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at <a href="http://www.dgap-medientreff.de">www.dgap-medientreff.de</a> and <a href="http://www.dgap.de">www.dgap.de</a>

---------------------------------------------------------------------------