BURNABY, BC, Oct. 29 /CNW/ - Day4 Energy Inc. (TSX: DFE), a leading manufacturer of high performance, cost-effective solar electric modules, today announced it has executed an agreement to deliver a turnkey 2.4 megawatt (MW) roof-mounted turnkey photovoltaic power plant for Gunther Heiss Solar Gmbh & Co. KG in Germany. The project is being financed through a local Volksbank, backed up by Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main.
Day4 Energy will design, engineer and construct the PV power plant with one of its leading German based channel partners. Once completed, the plant is expected to include approximately 12,600 48MC Day4 modules. Heiss Solar located in Emmingen is a German company focused on the business of tree nurseries. Heiss has developed a concept to cultivate special plants that prefer shading to sunlight for optimal growth and therefore require extensive roofs. The energy produced at this solar plant will be sold to the local grid provider under the German FIT Law (EEG).
"Heiss's choice of Day4 Energy is a testament to the unique value that we bring to the market through the combination of industry leading technology, performance driven system design and the uncontested installation expertise and quality delivered by our channel partners" said George Rubin, president of Day4 Energy. "We view the solar project market vertical as an increasingly important component of our business mix going forward, as developers look to capitalize on both the increased project returns offered by Day4's superior technology and the reduction in construction risk provided through our channel partner based project implementation solution."
Day4 Energy has significantly increased its presence in the solar project market vertical over the past several months and intends to scale its project development business model to other markets including Italy and Canada.
About Day4 Energy:
Day4 Energy Inc. is Canada's largest manufacturer of high performance photovoltaic (PV) modules for residential, commercial and utility scale installations around the world. By fundamentally improving on the design and assembly of solar modules, Day4 Energy produces unique PV panels of high power density, increased lifetime and uncompromised aesthetic appearance. Day4 Energy partners with international technology leaders to develop and deliver IEC- and UL-certified solar products to customers throughout Europe and North America. Day4 Energy is listed on the Toronto Stock Exchange under the symbol "DFE". For more information, please visit www.day4energy.com.
Forward Looking Statements
This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
SOURCE Day4 Energy Inc.
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