EQS Group-Ad-hoc: Edisun Power Europe AG / Key word(s): Miscellaneous
Edisun Power Europe AG: First Portuguese large-scale plant starts commercial
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 
- Aerial view of the Mogadouro plant 
- Photo of the 42 MVA transformer (30/60 kV) of the Mogadouro plant 
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, firstname.lastname@example.org
Reto Simmen, CFO, +41 44 266 61 29, email@example.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
Company: Edisun Power Europe AG
Phone: +41 44 266 61 20
Fax: +41 44 266 61 22
Listed: SIX Swiss Exchange
EQS News ID: 1157973
End of Announcement EQS Group News Service
1157973 30-Dec-2020 CET/CEST
(END) Dow Jones Newswires
December 30, 2020 13:00 ET (18:00 GMT)