AEG Power Solutions Announces a New Contract for 240 MW for Solar Power Plants in Eastern Europe

ZWANENBURG, The Netherlands--(BUSINESS WIRE)--AEG Power Solutions, a leading global manufacturer of power electronic systems and solutions for industrial power supplies and renewable energies, opens the year by announcing a major contract with a large Western European EPC. This deal is the third large solar contract in Eastern Europe that the group is awarded. It covers photovoltaic utility scale equipment and services for 240 MW. AEG Power Solutions will provide complete electrical systems for nine photovoltaic power plants in Eastern Europe.

The solution includes solar inverter stations based on TKS-C containerized outdoor stations, including latest generation central inverters, transformers and medium voltage switchgear and the most comprehensive monitoring and supervision system (PV Guard) provided by AEG PS’ subsidiary, skytron energy. AEG Power Solutions will deliver and commission the equipment on site.

The entire project will be delivered this year, which is a major challenge in terms of manufacturing and commissioning.

Since 2010, AEG Power Solutions delivered and commissioned already over 450 MW in Eastern Europe, out of which 300 MW are fully in operation.

Horst J. Kayser, CEO of AEG Power Solutions, comments further: “Reliability and efficiency of our solutions are demonstrated in these photovoltaic power plants and we also show our execution capabilities on very challenging projects. This contract also illustrates that the solar market is indeed growing and major opportunities exist outside Western Europe. This is direct evidence of the relevance of our solar strategy.”

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About AEG Power Solutions

AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial power requirements offering one of the most comprehensive product and service portfolios in the area of power conversion and power control. Two complementary operating business segments, Renewable Energy Solutions (RES) and Energy Efficiency Solutions (EES) serve customers worldwide. The RES product and service portfolio consists of systems and solutions for solar power plants, such as solar inverters, monitoring and control systems as well as power controllers for a wide range of industrial applications such as polysilicon, energy storage, sapphire and glass. The EES product and service portfolio includes high-performance uninterruptable power supplies (UPSs), industrial chargers, DC systems and converters.

Thanks to its distinctive expertise bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for smart grids.

AEG PS’ global footprint includes 17 subsidiaries and competence centers around the world with 1,600 employees.

AEG Power Solutions Group is the sole subsidiary of the holding company 3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9).

For more information, visit www.aegps.com.

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