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Danish renewable energy investor Renewagy A/S expands solar energy production in Germany(Nordic Business Report Via Thomson Dialog NewsEdge) Danish renewable energy investor Renewagy A/S said on Monday (3 March) that it has signed a EUR21.8m turnkey contract for additional solar energy plants in Germany. The contract was signed with the German developer Colexon Energy AG (formerly Reinecke+Pohl Sun Energy), in which Renewagy is the largest shareholder with a 19.43% stake. The contract covers the Waldeck, Michelin I, Mockrehna and Fritsch projects located in Sachsen, Thueringen, Rheinland-Pfalz and Baden-Wuerttemberg, respectively. The projects have a combined capacity of 5.6 megawatt peak (MWp). Renewagy recently invested EUR46.9m in three solar cell parks in Bavaria, Germany. Renewagy is headquartered in Virum, Denmark. Although established in 1980 the company focused on renewable energy with the acquisitions of DKA Renewable Energy A/S and a stake in the German developer Reinecke+Pohl Sun Energy AG in December 2007. Renewagy is listed on the OMX Nordic Exchange in Copenhagen. One British pound (GBP) is worth approximately 1.30 euros (EUR). ((Comments on this story may be sent to [email protected])) Copyright ? 2008 M2 Communications Ltd. |