Murphy&Spitz Green Capital Aktiengesellschaft

EANS-News: New Photovoltaic Power Plant

In November, Murphy&Spitz Green Energy, an independent power producer, will begin to operate a 660 kW photovoltaic power plant in northern Bohemia

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Company Information

Subtitle: In November, Murphy&Spitz Green Energy, an independent power producer, will begin to operate a 660 kW photovoltaic power plant in northern Bohemia

Bonn (euro adhoc) - Murphy&Spitz Green Energy has purchased a 660 kW photovoltaic project in north-western Bohemia. The power plant is being erected on a brownfield site and will start feeding energy into the grid in November 2010.

The location in the Czech Republic offers a number of significant advantages to German based projects:

High feed-in tariffs The plant will feed-in electric energy into the Czech grid and receive a minimum of approximately EUR 0.46 per kilowatt hour.

Price-indexed feed-in tariffs The feed-in tariff are guaranteed by Czech law and additionally stabilized by a yearly inflation adjustment.

Tax relief Revenues will be subject to tax rebates resulting in a positive effect on the future cash flow of Murphy&Spitz Green Energy.

"High guaranteed long-term tariffs, backed by inflation adjustment, due process, and diligently calculated projects assure we can meet our expectations concerning return. The legal framework of our new solar project offers long-term safety on our investment", explains Andrew Murphy, CEO of Murphy&Spitz Green Energy.

Murphy&Spitz Green Energy is a renewable power producer generating 100% pure green energy and aiming for base load capability. It is a 100% subsidiary of private equity firm Murphy&Spitz Green Capital. Murphy&Spitz Green Energy relies on the experience and contacts that Murphy&Spitz has gained in the renewable energy sector since 1999.

end of announcement                               euro adhoc
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Further inquiry note:

Murphy&Spitz Green Energy AG
Thomas Hoffmann
Poststrasse 30, 53111 Bonn
Tel.: +49 228 96 76 400
E-Mail: hoffmann@ms-green-energy.de
www.ms-green-energy.de

Branche: Alternative energy
ISIN: DE000A0KPM66
WKN: A0KPM6
Börsen: Düsseldorf / free trade

Original-Content von: Murphy&Spitz Green Capital Aktiengesellschaft, übermittelt durch news aktuell

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