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    ESUN   CH0024736404

EDISUN POWER EUROPE AG

(ESUN)
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EQS-Adhoc : Edisun Power Europe AG: First Portuguese large-scale plant starts commercial operation

12/30/2020 | 01:01pm EDT
 
 EQS Group-Ad-hoc: Edisun Power Europe AG / Key word(s): Miscellaneous 
Edisun Power Europe AG: First Portuguese large-scale plant starts commercial 
operation 
 
30-Dec-2020 / 19:00 CET/CEST 
Release of an ad hoc announcement pursuant to Art. 53 KR 
The issuer is solely responsible for the content of this announcement. 
 
*Ad hoc press release* 
Zurich, December 30, 2020 
 
*First Portuguese large-scale plant starts commercial operation * 
 
*On December 30, the 49 MW plant Mogadouro, the Edisun Power Group's largest 
photovoltaic plant so far, was connected to the Portuguese electricity grid. 
Thanks to the successful conclusion of this development project, the Group 
is on track with its growth strategy and ready for further growth.* 
 
The Group has achieved a major milestone with the connection to the grid and 
is therefore on track with its growth strategy announced in 2019. 
 
The new large-scale plant Mogadouro lies in the northeast of Portugal near 
the Douro River on a site measuring a good 65 hectares and will produce 
around 80 million kilowatt hours of electrical energy per year, which is 
enough to cover the annual electricity requirements of a town of 
approximately 20'000 inhabitants. 
 
*Successful implementation of a challenging project* 
Smartenergy Invest AG, from whom Edisun Power acquired the project rights in 
early 2019, was responsible for implementing the project. Construction 
itself lay in the hands of Efacec, a Portuguese electrical engineering group 
that operates internationally. 
 
Following delays due to protracted funding negotiations and agreements with 
around 100 landowners, construction of the plant was completed this year 
despite challenging conditions posed by the Portuguese COVID-19 regime. 
 
You can gain an impression of the scale of the plant here: 
 
- Time-lapse movie on construction: https://youtu.be/VFRF4M5ziXI [1] 
 
- Aerial view of the Mogadouro plant [2] 
 
- Photo of the 42 MVA transformer (30/60 kV) of the Mogadouro plant [3] 
 
Mogadouro is the first so-called merchant plant of Edisun Power, which means 
that it was created without any government subsidies or warranties and the 
electricity produced is sold on the market. A purchase power agreement (PPA) 
with fixed-price purchase commitments has been agreed with a Portuguese 
electricity trader to guarantee income in the first years. 
 
Edisun Power sees major potential for photovoltaic systems on the Iberian 
Peninsula and is pressing ahead at full speed with the development of the 
other four Portuguese projects with a total capacity of 150 MW. 
 
*For more information* 
Rainer Isenrich, CEO, +41 44 266 61 21, info@edisunpower.com 
Reto Simmen, CFO, +41 44 266 61 29, info@edisunpower.com 
 
*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 38 solar energy installations in Switzerland, Germany, Spain, 
France, Italy and Portugal. 
 
End of ad hoc announcement 
Language:    English 
Company:     Edisun Power Europe AG 
             Universitätstrasse 51 
             8006 Zürich 
             Switzerland 
Phone:       +41 44 266 61 20 
Fax:         +41 44 266 61 22 
E-mail:      info@edisunpower.com 
Internet:    www.edisunpower.com 
ISIN:        CH0024736404 
Valor:       2473640 
Listed:      SIX Swiss Exchange 
EQS News ID: 1157973 
 
End of Announcement EQS Group News Service 
 
1157973 30-Dec-2020 CET/CEST 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c71a0503b9858677b812f7cebf7e4ca9&application_id=1157973&site_id=vwd&application_name=news 
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a251141617d561d9224592967ecfb7de&application_id=1157973&site_id=vwd&application_name=news 
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9ccf8d61d71298d1afd3eb0d46cd3102&application_id=1157973&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 30, 2020 13:00 ET (18:00 GMT)

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Financials
Sales 2020 11,7 M 13,1 M 13,1 M
Net income 2020 3,29 M 3,67 M 3,67 M
Net Debt 2020 81,7 M 91,0 M 91,0 M
P/E ratio 2020 36,5x
Yield 2020 0,95%
Capitalization 119 M 132 M 133 M
EV / Sales 2019 14,3x
EV / Sales 2020 17,2x
Nbr of Employees 13
Free-Float 42,3%
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Managers and Directors
NameTitle
Rainer Isenrich Chairman & Chief Executive Officer
Reto Simmen Chief Financial Officer & Secretary
Fulvio Micheletti Vice Chairman
Reto Klotz Director
JosÚ Luis Chorro Lˇpez Non-Executive Director
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