A former military site converted into a ground-mounted solar power plant thanks to AES Solaire
The Sault military site, intended for missile launches, has been gradually dismantled and now houses France's first ground-based solar power plant. This AES Solaire-designed conversion has been producing electricity for approximately 2009 homes since December 600 and follows numerous other European projects already initiated by the Group.
Batipôle Editorial
PRESS RELEASE
Inauguration of one of the first ground-mounted solar power plants in France, built on the former military site of Sault (Vaucluse)
AES Solaire France, the French subsidiary of AES Solar Energy Ltd., has just inaugurated its ground-mounted photovoltaic solar power plant with a capacity of 1,2 MWp in Sault (Vaucluse).
The photovoltaic solar power plant is built on a former military site, which was used for launching nuclear missiles from the mid-1960s until its dismantling in the late 1990s. Sault Mayor André Faraud said: "We are pleased that this former military site has been converted into a renewable energy production project."
Kristen Panerali, Managing Director of AES Solaire France, said: "This is our first solar photovoltaic plant in operation in France, which represents an important market for AES Solar. We also hope to develop and operate other projects in France."
The Sault solar photovoltaic power plant began commercial operation in December 2009 and now produces the equivalent of the electricity needs of approximately 600 homes. The electricity is sold to Electricité de France (EDF) under a twenty-year power purchase agreement.
The solar power plant was financed by Crédit Coopératif and built through a turnkey contract by GES Global Energy Services.
About AES Solar Energy Ltd
AES Solar Energy Ltd (AES Solar) is a joint venture formed by AES Corporation and Riverstone Holdings LLC to develop and manage utility-scale solar photovoltaic power plants worldwide. AES Solar currently has 37 MWp in operation in Spain, Greece, and France, and has 51 MWp of projects under construction in Italy. AES Solar therefore expects to have 88 MWp in operation by the end of 2010. For more information,
Please visit the website www.aes-solar.com
AES Solar's "Safe Harbor" Communications Policy
This article contains forward-looking statements made in accordance with the US Securities Act of 1933 and the US Securities Exchange Act of 1934. These forward-looking statements contain information about the company's future revenues, growth prospects, and financial and operating performance. They are not guarantees of future results but are AES Solar's current estimates based on reasonable assumptions. The financial forecasts are based on certain material estimates, including AES Solar's projections of future interest rates, foreign exchange rates for certain currencies, and sustained levels of operating performance of AES Solar's business consistent with past levels.
Actual results may differ materially from those set forth in AES Solar's forward-looking statements due to risks, uncertainties and other factors. AES Solar undertakes no obligation to update these statements as a result of new information, future events or otherwise.
Contact AES Solaire France: Angelina Tutino - 04 88 78 22 50
Press Contact: Valentine Delesalle - 03 20 34 47 04