S.A.G. Solarstrom AG: loan agreement with Deutscher Bank for EUR65 million for project pipeline signed

S.A.G. Solarstrom AG: loan agreement with Deutscher Bank for EUR65 million for project pipeline signed

Freiburg, July 3, 2012. S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008), Freiburg, has now signed the loan agreement for a total of EUR65 million to finance its project pipeline after receiving the promise to provide funding on June 27. The loan, at conditions in line with the market, has a term up until the fall of 2013 and is to be used to provide intermediate funding for various projects of the S.A.G. Solarstrom Group planned in 2012 and 2013, which are chiefly to be implemented in Germany. S.A.G. Solarstrom AG is thus substantiating its plans to considerably increase the installation volume in 2012, compared with the previous year. In 2011, the Group installed a total of around 100 MWp. At the same time, the loan agreement corroborates the successful cooperation of S.A.G. Solarstrom AG with the Deutsche Bank in the intermediate and long-term planning of photovoltaic projects in Germany and abroad.

After the project bridging loan for the 48 MWp Serenissima project in July 2011 and the long-term funding of the project in March 2012 with the Deutsche Bank as consortium manager, the loan agreement that has now been signed is already the third large transaction within one year.

The loan, at conditions in line with the market and in the amount of EUR65 million has a term running until September 30, 2013. The payment is subject to the fulfillment of customary bank conditions. The S.A.G. Solarstrom Group will use the funds to implement projects with a volume of up to 60 MWp, which are to be installed chiefly in the third and fourth quarter of 2012 in Germany. Some projects are also planned in Italy. The changes to the Renewable Energy Law in Germany, approved finally on June 29, 2012 by the German Federal Council (Bundesrat), as well as other changes planned in Europe - for example in Italy - have already been taken into consideration in the implementation planning of the project pipeline.

'The successful financing of projects is definitely one of the key factors for companies in the photovoltaic industry, especially in the current market environment. We are delighted with the trust that the Deutsche Bank has placed in us with this loan. The funding of our current project pipeline corroborates our planning for the year 2012 - a significant increase in the sales volume and a positive EBIT result', says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. 'The successful conclusion of the loan agreement also shows that it was the right decision to actively strengthen the Financing division by appointing Ulrich Kenk and Karin Schopf as dual managers in the Executive Board'.

About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent provider of high-quality photovoltaic plants configured to customers' individual needs. The Group constructs efficient plants of all sizes both in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at its own plants.

S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of photovoltaic plants, including forecast and energy services, yield reports, and remote service and maintenance, as well as insurance and financing. The Group thus offers a comprehensive value chain in photovoltaics, from yield reports, planning, construction, operations, and monitoring to optimization, repowering, and deconstruction.

Founded in 1998, S.A.G. Solarstrom AG is considered a pioneer in the solar industry. Around 210 specialists work at the four locations in Germany and the foreign subsidiaries.

S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock Exchange as well as according to the m:access rules and standards of the Munich Stock Exchange.

Further information: www.solarstromag.com

Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
www.solarstromag.com

Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311

e-mail: pr@solarstromag.com / ir@solarstromag.com