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Day4 Energy Completes 1 MW Solar Project with German Energy Supplier EnBWPV Module Supply Contract Extended to Cover Additional German Projects in 2009, 2010BURNABY, BC – January 17, 2008 – Day4 Energy Inc. (TSX: DFE), a leading manufacturer of high performance, cost-effective solar electric modules, today announced the completion of the first two months of operation of the 1 megawatt (MW) solar energy project with EnBW, one of Germany’s largest energy suppliers. Delivering reliable renewable energy to the German county of Sigmaringen, the photovoltaic (PV) installation is the largest to date for both companies. Based on the system’s successful completion and favorable initial performance, EnBW has extended its contract with Day4 and scheduled two additional large-scale projects set for construction in 2009 and 2010. “We chose to partner with Day4 Energy based on the high performance, quality and reliability of the company’s solar modules, all of which are critical to our ability to secure long-term return on investment for a project like this,” said Tim Morath, product manager of solar plant systems at EnBW Regional AG. “With an impressive execution schedule that took us from ground breaking to operation in just three months, Day4 Energy has demonstrated that it has both the product quality and operational expertise to help us achieve EnBW’s aggressive solar energy targets.” Located in Riggenbach, Germany the solar energy project was formally brought into operation in October 2007 at a dedication ceremony attended by the State of Baden-Württemberg’s Minister for Environment Tanja Gönner. Day4 Energy’s German project management subsidiary Day4 Systems supplied the solar energy array’s more than 6,200 highly efficient Day4 48 MC solar modules on 2.3 hectares of former landfill. The system will generate enough clean power to meet the energy needs of 300 German homes per year and avoid approximately 750 tons of carbon dioxide emissions annually, the equivalent of removing 469 German cars from the road per year. “Based on the excellent performance data from the solar energy system’s first two months of operation, we expect to see significantly more electricity generation than the stated targets of one million kWh per year. That exceptional performance coupled with the speed and professionalism of the Day4 Energy team makes us eager to extend our cooperation through the installation’s second and third phases,” said Thomas Leibinger, director of environmental protection for the county of Sigmaringen. See PDF version.
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May 8, 2008 - Day4 Energy first quarter revenues hit record $13.5M. >> more April 29, 2008 - Day4 selected for Japanese study of large scale solar power projects. >> more April 17, 2008 - Day4 secures over 90,000 ft sq of production space to increase manufacturing capacity. >> more April 15, 2008 - International Third Party Testing Ranks Day4 Energy Solar Modules for Highest Power Density >> more March 31, 2008 - Revenues up 1008%, as detailed in 2007 fourth quarter and year-end financial results.>> more March 27, 2008 - Increased sales for 2008 reflect growing demand for advanced Day4 MC solar modules in Europe and North America.>> more
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