EPURON strengthens its management team and sets a course for profitable growth
- Dr. Tim Meyer starts as new managing director in January 2008
- Conergy Services’ commercial and technical operational management is linked to EPURON
- 2007 a successful year for large-scale renewable energy projects
Hamburg, 14th February 2007: EPURON GmbH, a subsidiary of the listed company Conergy AG, has strengthened its executive management with the arrival Dr. Tim Meyer, who has a background in solar energy. EPURON, which develops and finances large-scale renewable energy projects, is setting a course for profitable growth. As part of the management board, Dr. Meyer will assume responsibility for managing the regions of Spain and the Americas. He has replaced Thomas-Tim Sävecke, who is returning to Conergy after working for two years at EPURON. Sävecke will assume the position of COO in the Sales & Systems division.
Dr. Meyer began working at Conergy as an executive of Conergy Services GmbH in 2005. Conergy Services manages the technical and commercial operational management of large-scale renewable energy plants. In addition to supporting EPURON, Conergy Services has institutional investors and other plant operators as its customers. Dr. Meyer will continue to hold his executive position at Conergy Services. "By increasing the integration of operational management even further, we can offer our customers optimised cash flows and provide customised risk management throughout the entire duration of any project", said Dr. Meyer.
Strong international position in growing markets
In 2007, five solar energy installations producing a total output of 15 megawatts were connected to the public power grid in Germany. Additional projects started in Spain with a total output of around 30 megawatts. Other important milestones were reached last year in the development of solar energy in Italy, Greece, Korea and the USA. In the field of wind energy, EPURON completed projects which produced a total of 26 megawatts, including initial projects in Italy and France. There was also significant progress made in the Australian wind energy market through the sale of project rights for three 30 megawatt projects to Origin, a major energy provider. There was also a joint venture agreement made with the Australian financial services company Macquarie. Other target markets for wind power projects are in Eastern Europe, Turkey and India.
Managing director Nikolaus Krane views the start of the new year with optimism, saying: “In Dr. Tim Meyer, we have succeeded in recruiting a distinguished expert for EPURON. Our common goal is to be the preferred project developer and financial backer for institutional and strategic investors. And with our unique portfolio of international, large-scale renewable energy projects, we are on the right track.”