Greek solar and hydrogen technology developer, Lion Energy, www.lionhellas.com aims to close a funding round of EURO 70.0m (USD 89.5m) by the end of 2007.
KPMG www.kpmg.com has been appointed to arrange the placement, and the company is also seeking additional investors, and we offering our shares with the price 0.45 eurocent. Greek law firm, Kelemenis & Co www.kelemenis.com is acting as legal advisors to the placement.
Lion Energy has an array of technologies which it intends to commercialise as pilot plants. These include a solar electricity generating system using low-cost polymer collectors and an electrolyte-based heat to electricity generation system, a catalyst to facilitate hydrogen production from water, a solar thermal desalination technology and the manufacture of a low-cost construction material from waste plastic.
Lion energy will use the BOEING-SPECTROLAB-PYRON Solar Systems www.pyronsolar.com generating systems to independently develop its own utility scale solar farms to produce electricity for sale in Greece and Middle East. The company will also have exclusive rights to distribution of Pyron Solar generating systems for projects located in Greece
It's a good time - Greece brought in a new feed-in tariff of EURO 0.46 per kwh (USD 0.59) on 6 June 2006, for all renewable, and 45% Grand from EU".
The Greek ambition is to have at least 700 MWp installed by 2020. With currently a total installed power of 6 MWp, the market will have to grow by more than 40% a year to achieve this goal. The new legislation, combined with interesting investment incentives, provides financially attractive opportunities for PV in Greece. The return of investment can even be better than in Spain
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Greek solar and hydrogen technology developer, Lion Energy,
www.lionhellas.com aims to close a funding round of EURO 70.0m (USD
89.5m) by the end of 2007.
KPMG www.kpmg.com has been appointed to arrange the placement, and the
company is also seeking additional investors, and we offering our shares
with the price 0.45 eurocent. Greek law firm, Kelemenis & Co
www.kelemenis.com is acting as legal advisors to the placement.
Lion Energy has an array of technologies which it intends to commercialise
as pilot plants. These include a solar electricity generating system using
low-cost polymer collectors and an electrolyte-based heat to electricity
generation system, a catalyst to facilitate hydrogen production from water,
a solar thermal desalination technology and the manufacture of a low-cost
construction material from waste plastic.
Lion energy will use the BOEING-SPECTROLAB-PYRON Solar Systems
www.pyronsolar.com generating systems to independently develop its own
utility scale solar farms to produce electricity for sale in Greece and
Middle East. The company will also have exclusive rights to distribution of
Pyron Solar generating systems for projects located in Greece
It's a good time - Greece brought in a new feed-in tariff of EURO 0.46 per
kwh (USD 0.59) on 6 June 2006, for all renewable, and 45% Grand from EU".
The Greek ambition is to have at least 700 MWp installed by 2020. With
currently a total installed power of 6 MWp, the market will have to grow by
more than 40% a year to achieve this goal. The new legislation, combined
with interesting investment incentives, provides financially attractive
opportunities for PV in Greece. The return of investment can even be better
than in Spain
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