DGAP-News: Global EcoPower S. A.: Will build its first solar greenhouse in Provence

Global EcoPower S. A. / Miscellaneous/Miscellaneous

23.06.2010 08:31 

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.

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

Wednesday, June 23rd 2010

Global EcoPower will build its first solar greenhouse in Provence.  

Global EcoPower received its first final authorization for the construction
of two agricultural greenhouses with photovoltaic roof for a total
installed capacity of 1.89 MWp, located in Salon-de-Provence in France.

This project involves the renovation of existing greenhouses representing
an area of 15,000 m2 on a site with excellent solar radiation for an annual
production of 2 450 MWh, integrating all losses and resulting in a
performance ratio of approximately 80% (excluding orientation losses).

The greenhouses roofs will be partially covered with more than 6000 modules
of dual-glass crystalline silicon type. The technical choice is not to
cover the entire roof and to allow a pass light for a sustainable use of
soil by the farmer.

 Global EcoPower expects a construction start up in the fourth quarter of
2010 and commissioning early 2011. A 112 m² pilot unit, previously
manufactured in Holland, is getting installed on the site. This unit will
be used as a showcase for the other achievements of the group.

The different stages of project development covering all environmental,
legal and technical aspects were entirely conducted by Global EcoPower.

 This first project, which will benefit from a feed-in tariff of 42 cEUR /
kWh, will be sold and Global EcoPower will keep the operation  and
maintenance of the plant during the 20 years electricity purchase agreement
with EDF.

This plant will provide electricity for 1077 people and will save 245 CO²
tones per year.

Philippe Perret, EVP of Global EcoPower declares: 'We have reached the most
exciting phase of our business which is to switch from development to
concrete realization of the project. We are pleased to launch this first
solar greenhouse project that perfectly combines maintaining the
agricultural use of the site with producing green electricity'.

 

Global EcoPower: 


The French group is a promising actor in the photovoltaic sector in France
and has decided to focus its activities on development, construction and
operation of solar power plants in France.

Boosted by the experience of its founders in the field of renewable energy,
Global EcoPower is currently developing, within organic growth, 40 projects
for a forecasted installed capacity of 300 MWp, mainly in the South of
France. For these projects, mix of ground and roof-top of greenhouses, land
has been secured and development process is ongoing.

The group's strategy is to keep 50% of built plants for its own account and
sell to third parties the remaining 50%.




For more information:

Global EcoPower

Pho: +33442245016 

Fax: +33442391941

contact@global-ecopower.com

www.global-ecopower.com


23.06.2010 08:31 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>

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