Edisun Power Europe AG: Start of construction of the 49 MW large-scale PV plant Mogadouro

2019

09.12.2019 - Edisun Power Europe AG Edisun Power Europe AG: Start of construction of the 49 MW large-scale PV plant Mogadouro

Edisun Power Europe AG / Key word(s): Miscellaneous
Edisun Power Europe AG: Start of construction of the 49 MW large-scale PV
plant Mogadouro

09-Dec-2019 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Ad hoc press release
Zurich, December 9, 2019

Start of construction of the 49 MW large-scale PV plant Mogadouro

The 49 MW photovoltaic project in north-east Portugal bought in June 2019
received a building permit from the relevant authorities at the end of
November 2019. Construction work started on December 6. Connection to the
grid is planned for the second half of 2020.

The 49 MW PV facility now under construction will generate power without
government subsidies or feed-in tariffs. The electricity will be sold on the
market; production costs are very attractive compared to current electricity
prices. A power purchase agreement (PPA) with fixed-price purchase
commitments has been signed to guarantee income for the first years of
operation.

The plant occupies a site of around 65 hectares in the Mogadouro region of
north-east Portugal and will generate 80 million kilowatt hours of
electricity annually, sufficient to supply the needs of a city of about
20'000 people for a year.

Edisun Power also expects construction work on the adjacent, second PV
project with an output of 23 MW to start in the next few weeks.

For further information
Rainer Isenrich, CEO, [phone], [e-mail]
Reto Simmen, CFO, [phone], [e-mail]

Edisun Power Group
A listed European solar energy producer, the Edisun Power Group finances and
operates solar power installations in a number of European countries. Edisun
Power began its involvement in this sector as far back as 1997. The company
has been listed on the Swiss Stock Exchange since September 2008. Edisun
Power has amassed extensive experience in the realization and acquisition of
both national and international projects. Currently, the company owns a
total of 37 solar energy installations in Switzerland, Germany, Spain,
France and Italy.


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End of ad hoc announcement

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