TORONTO, Jan. 13 /CNW/ - SonnenEnergy Corp. ("SonnenEnergy" or "the
Company") (TSX-V: PWR), a leading photovoltaic solar power systems integrator
and solar power producer, today announced that it completed the second phase
of Solar Park Hausen before the end of 2008 as planned. Solar Park Hausen is
the second solar park owned by SonnenEnergy, which also owns and operates an
11-acre solar park in Waldstetten, Germany. Solar Park Hausen has a peak
capacity of 1.7 MWp.
SonnenEnergy also announced that it completed Solar Park Fischer, a 1.1
MWp project for a third party customer, at a cost of (euro)4.1 million, prior
to the end of 2008.
"Solar Park Hausen is expected to provide the company with annual revenue
of (euro)625,000 before debt service for the next 20 years", said Jeff Dennis,
President and CEO of SonnenEnergy. "In addition, Solar Park Fischer will add
(euro)4.1 million in revenue to the company's fourth quarter of 2008 results,
which is approximately 150% more revenue than the company generated in the
previous 3 quarters."
Resignation of Bernard Wilson
SonnenEnergy also announced Bernard Wilson's resignation from
SonnenEnergy's Board of Directors and as Chairman of the Audit Committee.
Senior management of SonnenEnergy would like to extend its gratitude to
Mr. Wilson for his diligent service during his tenure on the Board of
About SonnenEnergy Corp.
SonnenEnergy is a solar power systems integrator and solar power
producer. The company markets, sells, designs, installs, operates, and
maintains grid-connected solar power systems and, since 2004, has installed
more than 200 photovoltaic (PV) solar power systems for commercial and
residential customers. The company also operates solar power plants in
southern Germany, which have total installed capacity of more than 7.0 MWp.
SonnenEnergy's corporate offices are located in Toronto, Ontario and its
European operations are based in Polling, Germany, with a sales office in
Italy. For more information, please visit SonnenEnergy's website at
The TSX-V has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Jeff Dennis, President & CEO, SonnenEnergy
Corp., Tel: (416) 540-2596, Email: email@example.com