20.12.2006 – 16:10

Conergy AG

euro adhoc: Conergy AG
other
EU approves subsidies for development of Conergy PV plant in Frankfurt an der Oder

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20.12.2006

Hamburg, 20 December 2006 - The European Commission today authorised
EU money for Hamburg-based Conergy AG to develop the world’s most
modern PV production facility. The plant in Frankfurt an der Oder
will generate more than 1,000 jobs in the medium term and from
mid-2007 will manufacture state-of-the-art PV modules with the "Made
in Germany" label.

European funds have been approved for Conergy’s overall investment
plans in the Frankfurt-Oder region, including a possible second
development phase. Due to the high total investment, the EU’s
approval of EUR 76 million in funding was a prerequisite for
progress-related disbursement of funding by the State of Brandenburg.

About Conergy Conergy AG is considered to be the highest volume solar
company in Europe, and also numbers among the leading international
providers of other rapidly growing fields of renewable energy,
including bioenergy. Conergy pursues a customer-oriented global
growth strategy which aims to offer each energy consumer worldwide
the most appropriate technology in attractive markets for renewable
energies. In foreign markets, the energy requirement for electricity,
heat or cooling varies greatly. Conergy therefore offers a wide range
of regenerative energy products, and has an internationally oriented
management team. The Conergy Group is now represented with its own
branch offices on five continents.

end of announcement                               euro adhoc 20.12.2006 15:34:55

Further inquiry note:

Thorsten Vespermann
Tel.: +49 (0)40 237 102 171
E-Mail: t.vespermann@conergy.de

Branche: Energy
ISIN: DE0006040025
WKN: 604002
Index: TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
Midcap Market Index
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade