DGAP-Adhoc: S.A.G. Solarstrom AG:

DGAP-Adhoc: S.A.G. Solarstrom AG: 

S.A.G. Solarstrom AG  / Key word(s): Contract

05.12.2013 17:16

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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S.A.G. Solarstrom AG: project pipeline will not be implemented

Freiburg i. Br., December 5, 2013. S.A.G. Solarstrom AG (German security
identification number: 702 100, ISIN: DE0007021008), Freiburg i. Br., has
not reached an agreement in the conclusive contract negotiations with an
international energy company regarding the implementation of a project
pipeline in the three-digit MWp range for 2013 and 2014. In S.A.G.
Solarstrom AG's opinion, the negotiations have thus failed. This was due to
the financial deposits required for these projects from S.A.G. Solarstrom
AG in the form of down payment and performance bonds before the start of
the projects as well as warranty guarantees after completion of the
projects.

S.A.G. Solarstrom AG will critically review the business area Plant
Construction in the face of this result. The guarantees and warranties
which are increasingly required on the market can amount to payments of up
to 20% of the project volume before the start of the project and up to 10%
after completion of the project, representing a disproportionately high
capital commitment for the company. In many projects, this capital
commitment is no longer proportionate to the achievable margin, taking into
account the risks of large-scale projects.


Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
www.solarstromag.com 

Public Relations / Investor Relations 
Jutta Lorberg
phone: +49-(0)761-4770-311
e-mail: pr@solarstromag.com / ir@solarstromag.com 


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Information and Explaination of the Issuer to this News:

About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent
provider of photovoltaic plants configured to customers' individual needs.
The Group constructs plants of all sizes both in Germany and abroad. S.A.G.
Solarstrom AG also produces solar energy at its own plants.

S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote service and maintenance, as well as insurance and financing. The
Group thus offers a comprehensive value chain in photovoltaics, from yield
reports, planning, construction, operations, and monitoring to
optimization, repowering, and deconstruction.

S.A.G. Solarstrom AG was founded in 1998.  Around 200 specialists work at
the four locations in Germany and the foreign subsidiaries.

S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock
Exchange as well as according to the rules and standards M:access of the
Munich Stock Exchange.

Further information: www.solarstromag.com 

05.12.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      S.A.G. Solarstrom AG
              Sasbacher Str. 5
              79111 Freiburg
              Germany
Phone:        + 49 761 4770 0
Fax:          + 49 761 4770 555
E-mail:       mail@solarstromag.com
Internet:     www.solarstromag.com
ISIN:         DE0007021008, DE000A1E84A4, DE000A1K0K53, 
WKN:          702100, A1E84A, A1K0K5
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart
 
End of Announcement                             DGAP News-Service
 
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