Munich, 27.11.2007 - Munich based solar corporation Solar*Tec AG expands its international network by establishing two affiliates in Greece.

Since Greece introduced in 2006 a Feed-In-Tariff comparable to the German Renewable Energies Act it has become highly attractive to PV-Companies, as the reimbursements rates range from 0.403 to 0.503 € per kWh. The Greek Government has approved PV installations with a total power of 1,889 MWp for the years 2007 to 2010.

Solar*Tec AG is actively entering the Greek market with two affiliates. „Solar*Tec Hellas A.E.“ will develop business in the fields of trading PV-Installations – and components. The second company „Solar*Tec Projekt Hellas A.E.“ develops and maintains PV-installations.

The establishment of both companies headquartered in Athens was completed in October, the commercial register is underway. Simultaneously Solar*Tec AG expands its distribution network and also starts the development of own projects in Greece.

www.solartecag.de

Contact:
Ms Andrea Billig
Solar*Tec AG
Bavarian Stock Exchange
Lenbachplatz 2a
D 80333 Munich/Germany
Tel.: +49-89-90 77 49 97 33
E-Mail: info@SolarTecAG.de
Internet: www.SolarTecAG.de

The Solar*Tec AG is a Munich based company with offices in Spain, Italy, Greece, USA, China and Singapore and develops and markets highly efficient solar energy systems. Solar*Tec is the only PV company active in all three generations of PV: crystalline silicon, thin film and concentrator PV. The Solar*Tec group of companies covers all important steps of the solar energy value chain: wafer manufacturing, solar glass, development of components, module production and realization of power plant projects. Solar*Tec’s core competence is the Sol*Con™-concentrator technology which provides efficiency rates over 35 percent and generates solar energy up to 50 percent cheaper than conventional solar modules.
Sol*Con™ is a registered trademark of Solar*Tec AG.

This release was published on openPR.