Erlangen, 16 March 2012 – Solar Millennium AG’s insolvency administrator, Volker Böhm, has sold additional investments of Solar Millennium AG to investors. Schoeller Renewables GmbH, headquartered in Pullach im Isartal, has acquired Solar Millennium AG’s shares in PV Power Holding GmbH, headquartered in Erlangen. Solar Millennium AG had a 50 percent holding in the company, [...]
Solar Millennium has sold the two project holding companies Solar Millennium Capital GmbH and Solar Millennium USA 2 GmbH to solarhybrid AG, Brilon. The sale of the two companies transfers Solar Millennium’s entire project pipeline for solar power plants in the southwest of the United States with a total capacity of 2.25 gigawatts to solarhybrid. [...]
Solar Trust of America, a leading integrated solar energy company and developer of the Blythe Solar Power Project, the largest solar facility in the world, last week issued the following statement: Yesterday, Solar Millennium AG, the majority owner of the equity of Solar Trust of America, announced the initiation of insolvency proceedings in Germany. These [...]
Start of construction of the Blythe solar power plant could come as early as 2013 Solar Millennium AG, Erlangen and solarhybrid AG, Brilon will pave the way for the construction of major solar power plants in the US starting in 2013. In the evening from Wednesday to Thursday, the companies conditionally agreed that solarhybrid will [...]
Solar Millennium AGÂ has increased its share in the sales subsidiary Solar Millennium Invest AG to 100 percent by indirectly acquiring the 45 percent share from Prof. Dr. Wolfgang Gerke at nominal value. Solar Millennium is thus streamlining and simplifying group structures as well as providing for more transparency. Prof. Dr. Wolfgang Gerke, a renowned [...]
Solar Millennium AG: Corporate bond repaid as scheduled by date of maturity The third Solar Millennium AG corporate bond amounting to € 20 million, which was issued on 22 August 2006, was repaid in full to investors yesterday. The bond had a fixed interest rate of 6.5% p.a. and contributed to the successful realization of [...]
Solar Millennium AG adopts strategic realignment – corporate strategy adjusted to secure growth and earnings prospects Corporate strategy adjusted to changed market requirements particularly in the U.S. to secure sales and earnings Postponement of financial close for Blythe solar power plant project on photovoltaics basis into the next 2011/2012 fiscal year Total operating performance of [...]
Solar Millennium AG, together with OHL Industrial, a company of the Spanish construction group Obrascón Huarte Lain, S.A. (OHL), sold 49 percent of the project company of the planned 50 MW power plant Arenales to the RREEF Pan-European Infrastructure Fund, L.P., a fund managed by RREEF Infrastructure, a business unit of Deutsche Bank’s Asset Management [...]
Solar Trust of America, the integrated solar industrial solutions company currently developing the 1,000 MW Blythe Solar Power Project among other projects, today announced a new corporate naming convention and structure. The change, effectively immediately, affects its wholly-owned development company, Solar Millennium, LLC and all subsidiaries, which will now operate under the “STA” brand family. [...]
CSP Solutions Consult GmbH, Cologne, a company of the Solar Millennium Group, has issued two licenses for the use of its parabolic trough collector design Skal-ET at solar-thermal power plants in southern Spain. The first power plant, called Astexol-2, is being built by the Spanish general contractor Elecnor in the province Extremadura. The second project [...]
Hybrid power plant with 150 MW capacity will use solar thermal energy and natural gas and can be operated around the clock In Kuraymat, roughly 100 kilometers south of Cairo, a major solar-thermal power plant is going into operation for the first time in Egypt. The solar field consists of parabolic trough collectors with an [...]
Solar Trust of America, LLC today announced that its project development subsidiary, Solar Millennium, LLC, has secured a Record of Decision (ROD) from the Department of Interior’s Bureau of Land Management (BLM) approving the Blythe Solar Power Plant’s Right of Way Grant. The ROD is the final regulatory milestone in the federal permitting process and [...]
Oct 25 2010 | Posted in
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Ormat Technologies, Inc. (NYSE:ORA), announced today that following the announcement of September 13 ,2010, its subsidiary, Ormat Systems Ltd. (“Ormat”), in accordance with its business partner Solar Millennium AG, has resolved not to submit a bid for the Solar Thermal tender at Ashalim, Israel. This mutually agreed decision is a result of both companies examination [...]
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