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Solar Parks Completed

posted on Jan 15, 09 10:51AM

Both Solar Park Hausen and Solar Park Fischer have been completed. Hausen provides annual revenue of 625,000 Euros while Fischer adds 4.1 million Euros in revenue to Q4 results (150% more than previous 3 quarters combined). Details below.

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News from CNW Group

SonnenEnergy announces completion of Hausen and Fischer Solar Parks and resignation of Bernard Wilson from Board of Directors and Chairman of Audit Committee

16:30 EST Tuesday, January 13, 2009

TORONTO, Jan. 13 /CNW/ - SonnenEnergy Corp. ("SonnenEnergy" or "the Company") (TSX-V: PWR), a leading photovoltaic solar power systems integrator and solar power producer, today announced that it completed the second phase of Solar Park Hausen before the end of 2008 as planned. Solar Park Hausen is the second solar park owned by SonnenEnergy, which also owns and operates an 11-acre solar park in Waldstetten, Germany. Solar Park Hausen has a peak capacity of 1.7 MWp.

SonnenEnergy also announced that it completed Solar Park Fischer, a 1.1 MWp project for a third party customer, at a cost of (euro)4.1 million, prior to the end of 2008.

"Solar Park Hausen is expected to provide the company with annual revenue of (euro)625,000 before debt service for the next 20 years", said Jeff Dennis, President and CEO of SonnenEnergy. "In addition, Solar Park Fischer will add (euro)4.1 million in revenue to the company's fourth quarter of 2008 results, which is approximately 150% more revenue than the company generated in the previous 3 quarters."

Resignation of Bernard Wilson

SonnenEnergy also announced Bernard Wilson's resignation from SonnenEnergy's Board of Directors and as Chairman of the Audit Committee.

Senior management of SonnenEnergy would like to extend its gratitude to Mr. Wilson for his diligent service during his tenure on the Board of Directors.

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