DGAP-News: Solar Millennium offers an opportunity to participate in one of the world's most advanced solar thermal power plants

30.11.2009

Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement.

- Sustainable and innovative investment with an expected return of 8%

- High degree of certainty due to guaranteed feed-in tariff with inflation protection

- Solar Millennium's fund concept creates new options for additional growth

Erlangen, 30 November 2009

As of today, Solar Millennium AG (ISIN DE0007218406) is for the first time offering investors the opportunity to benefit from the returns of a solar thermal power plant via a closed-end fund, and simultaneously, to support the use of renewable energies. Investors in the fund will acquire an interest in a defined project: the 50 MW Andasol 3 parabolic trough power plant located in the South of Spain. The company expects an average annual return of 8.0% over the life of the investment (excluding the so called Agio and German withholding tax).

Through this fund investors acquire and hold a profit participation right in the Andasol 3 Kraftwerks GmbH, which in turn holds a 13% stake in the power plant company for the Spanish solar thermal power plant Andasol 3. The subscription volume totals approx. EUR 48 million, while the Agio amounts to 2.5% (until 15th January 2010) and 5% thereafter. The fund is aimed at investors domiciled in Germany, who can participate starting from a minimum amount of EUR 5,000.

The statutorily guaranteed feed-in tariff provides for stable income with inflation protection over the entire life of the power plant. The power plant is already under construction and the generation of the forecast quantity of electricity has been contractually guaranteed.

With its fund concept, Solar Millennium has chosen an instrument in addition to traditional means of financing that will provide Solar Millennium Group with increased financial flexibility and more options. Private investors can use the fund to optimize their capital investment portfolio, as the expected return from the fund is largely independent of the economic cycle. Moreover, due to the structure chosen for the fund, investors are expected to receive nearly half of the original capital invested within the first three years.

Thomas Mayer, CFO of Solar Millennium AG: 'Solar thermal power plants are both safe and attractive investments, with additional certainty due to the statutorily guaranteed feed-in tariff over the entire lifecycle. Our fund offers an attractive and solid investment opportunity for investors pursuing a long-term strategy. In light of our strong project pipeline, closed-end funds will in future not only present an ideal alternative, but become one of the supporting pillars for financing our projects.'

Andasol 3 is the third power plant of its kind in Europe and has been under construction since mid-2009. Collector surface of more than 60,000 sqm has already been assembled. Together with its Andasol 1 and 2 sister projects located in the immediate vicinity, the plant, with a capacity of 50 MW, will supply about half a million people with climate-friendly electricity. Thanks to thermal storage facilities, the plants are also able to supply solar power after sunset on demand.

Information and Explaination of the Issuer to this News:

About Solar Millennium AG:

Solar Millennium AG, Erlangen, is an international company in the renewable energy sector, with its main emphasis on solar-thermal power plants. Together with its subsidiaries, the company specializes in parabolic trough power plants, a proven and reliable technology with which the Group has adopted a leading position worldwide. Solar Millennium covers all important business sectors along the value chain for solar-thermal power plants - from project development and technology to turn-key construction as well as plant operation and investments in power plants. In Spain, Solar Millennium developed Europe's first parabolic trough power plants and realized them with its partners. Additional projects are planned around the world with an overall capacity of more than 2,000 megawatts. The current regional focus is on Spain, the US, China and North Africa. Furthermore, the company has the aim of achieving market readiness for the so-called Blue Tower technology for the generation of product gas that is rich in hydrogen through the reformation of regenerative residual materials, and also for solar chimney power plants in the long run.

About solar-thermal power plant technology:

Solar-thermal power plants generate electricity by converting solar radiation into heat energy. In a parabolic trough power plant, trough-shaped mirrors concentrate the incidental radiation onto a pipe in the focal line of the collector. Its absorption heats a fluid heat medium in the pipe, generating steam in the power block through a heat exchanger. As in conventional power plants, the steam powers a turbine to generate electricity. By integrating thermal storage, electricity can be supplied on demand, even after sunset.

For further information:

Solar Millennium AG

Dipl.-Ing. Sven Moormann (Corporate Communications)

Dr. Stefan Eckhoff (Investor Relations)

Tel.: +49 (0)9131 9409-0 Email: investor@SolarMillennium.de / presse@SolarMillennium.de

Web: www.SolarMillennium.de

30.11.2009 Financial News distributed by DGAP. Medienarchiv at www.dgap-medientreff.de and www.dgap.de