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GE and Gehrlicher Solar Team Up to Build Solar Parks Worldwide - Construction of first project underway in Aschheim, Germany (NYSE: GE)
GE and Gehrlicher Solar Team Up to Build Solar Parks Worldwide

 

NewswireToday - /newswire/ - Munich, Germany, 2011/06/14 - Construction of first project underway in Aschheim, Germany (NYSE: GE). NYSE: GE

   
 
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GE and Gehrlicher Solar today announced that the two companies have begun construction on a solar power plant in Aschheim, Germany; the first of many global projects planned between the two companies. The project, planned and built by Gehrlicher Solar, includes GE’s thin film solar panels. Designed to improve the ease of installation and scalability of large-scale solar power plants, the 1 megawatt solar park will cover two hectares and provide enough power for nearly 300 homes when completed in August.

GE, an established leader in the global renewable energy industry, has installed more than 25 gigawatts of renewable energy around the world. As one of the 10 largest independent photovoltaic project developers, Gehrlicher Solar has long-term international experience in the construction and operation of solar power systems of all sizes.

“Combining Gehrlicher’s experience and expertise in developing utility scale solar projects worldwide with GE’s leading solar technologies will provide a winning solution for our global customers,” said Stephan Ritter, leader of GE’s renewable energy business in Europe. “As the industry expands into new regions around the world, we believe that GE’s solar solutions will provide increasing value to the industry.”

Klaus Gehrlicher, CEO of Gehrlicher Solar AG, said,“GE’s experience in renewable energy technologies and worldwide presence make the company an ideal partner for us. We are looking forward to joining our competences for the development of large scale solar parks.”

As one of the leading providers of renewable energy products and services, GE is committed to offering best-in-class technology at the lowest cost of electricity. Earlier this year, GE announced that it had achieved several major milestones in the solar industry, including a record in solar panel efficiency and the intention to build a 400-MW manufacturing facility for this technology.

About GE
GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy ge.com/energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

About Gehrlicher Solar
Gehrlicher Solar AG (gehrlicher.com) is an internationally operating photovoltaic company from Germany with subsidiaries and joint ventures in Brazil, France, Great Britain, India, Italy, Spain, South Africa and the United States. With around 430 employees worldwide the company is one of the 10 largest independent photovoltaic project developers and system integrators. With an annual turnover of around 340 million Euros (2010) Gehrlicher Solar is one of the fastest growing companies in Europe. The company which was founded in 1994 develops, plans, builds, finances, and operates solar power plants for ground mounting and for roofs—from private houses to multi-megawatt systems. In addition, it distributes solar modules and inverters as well as components from its own GehrTec product range. Gehrlicher Solar also plans, sets up and manages profit-oriented photovoltaic funds and private placements for private and institutional investors.

PRESS Contacts
Sarah Wulle, Gehrlicher Solar
P: +49 89 420792-178 / E: sarah.wulle[.]gehrlicher.com.

Howard Masto, Masto Public Relations
P: +1 518 786 6488 / E: howard.masto[.]ge.com.

Ken Darling, Masto Public Relations
P: +1 518 786 6488 / E: kenneth.darling[.]ge.com.

GE news, Masto Public Relations / E: information[.]mastopr.com.

 
 
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GE and Gehrlicher Solar Team Up to Build Solar Parks Worldwide

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GE News Center |
Publisher Contact: Emily Caruso - GE Power & Water 
518-385-7446 emily.caruso[.]ge.com
 
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