Solar Millenium

Prof. Klaus Töpfer will advise the Desertec Industrial Initiative (Dii) on strategic issues. His activities will focus on political and social questions, with a view to realising the Desertec vision to the benefit of all participants in Europe, the Middle East and North Africa.

Solar Millennium points out that the sale of stakes in the planned Ibersol project in the south of Spain were fully and accurately represented in the 2008/2009 Annual Report. Solar Millennium herewith specifies its announcement from 18 November 2009 insofar as the sale of 50 percent of the project company to Ibersol Kraftwerks GmbH, 50 percent of which belong to Solar Millennium AG, came into legal effect as of 30 October 2009 after the required board approvals were granted on 17 November 2009. This was correctly presented in the press release from 18 November 2009.

• Consolidated sales of EUR 153.3 million (previous year: EUR 32.0 million) plus extraordinary effect of EUR 48 million with EBIT of EUR 31.1 million (previous year: EUR 11.3 million) plus extraordinary effect of EUR 12 million; total sales increased by more than six times, EBIT by nearly four times
• The past fiscal year's business events generate additional liquidity inflow of presumably more than EUR 100 million across the different reporting periods

• Solar Millennium AG's CEO agrees with Norbert Röttgen, the Federal Minister for the Environment, on essential energy policy issues.
• CEO of Solar Millennium renews his call for extensive use of solar energy in sunny regions and the import of solar electricity from North Africa to Europe.
• Claassen recommends stronger export focus in the promotion of renewable energy sources. The key to solving climate issues does not lie in politics alone, but in innovation and technology as well.

At the end of December, the US Bureau of Land Management (BLM) placed Solar Millen-nium Group's proposed solar power plant located in the Amargosa desert, Nevada, on its so-called Fast-Track list. Previously, only the three Californian sites of Solar Millennium's planned solar power plants had reached this status. If the approval is successful, the Solar Millennium Group could realize up to nine solar thermal power plants at these locations with a potential maximum capacity of about 2,500 Megawatt (MW) in total.

The Solar Millennium Group's next collector generation, the HelioTrough, has taken up operation at a commercial parabolic trough power plant in California. The demonstration rig consists of two rows of collectors with a total length of 800 meters and was installed between September and November 2009. In California, the efficiency of the new collector will be measured in commercial operation and under real conditions before it is used in future power plant projects.

• Prof. Utz Claassen will take office as early as 1 January 2010
• With this appointment, the Supervisory Board sustainably strengthens the Management Board in view of the dynamic market development in the field of renewable energy generation
• Based on the excellent market conditions, the Solar Millennium Group will consistently continue to pursue its ambitious growth path

• Most successful year in company history
• Preliminary consolidated sales for the past fiscal year amount to € 201 million (previous year: € 32.0 million) with preliminary earnings (EBIT) of € 43 million (previous year: € 11.3 million)
• Consistent continuation of the growth strategy: increase of sales and earnings by more than 50 percent expected for the ongoing fiscal year

• Sustainable and innovative investment with an expected return of 8%
• High degree of certainty due to guaranteed feed-in tariff with inflation protection
• Solar Millennium´s fund concept creates new options for additional growth

• MAN Ferrostaal and Ibersol Kraftwerks GmbH invest in Spanish solar power plant project
• Full feed-in tariff guaranteed, provided that the plant is completed within 48 months - start of construction scheduled for 2010
• Fourth power plant project an important milestone and continued evidence of Solar Millennium's growth strategy