MEP Asset Management Taking Over Management of 5 Solar Parks from Solon SE

MEP Group GmbH /
MEP Asset Management Taking Over Management of 5 Solar Parks from Solon SE
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At the start of the new year, the technical and commercial operational
management of five photovoltaic plants in Spain, formerly managed by SOLON, is
being taken over by an established partner, MEP Asset Management GmbH.

Munich, January 2012 - When SOLON SE, with its subsidiary SOLON Invest GmbH,
filed for bankruptcy in mid-December 2011, the large number of operational
failures and the resulting warranty claims left bankers and investors unsettled.
They wanted a management company that was competent and, above all, reliable.

Such a company has now been found for five PV plants that were formerly managed
by the above-mentioned SOLON subsidiary: the Munich-based MEP Asset Management
GmbH.

MEP Asset Management manages PV plants in Spain, Italy, Germany and the Czech
Republic with an international team in Munich and technical staff on site.

The primary objective is the sustainable, long-term operation of PV plants,
explains MEP Asset Management's manager, Christian Reuter. Maintenance,
monitoring, outside capital and equity reporting, and thus strategic risk
management, can now all be performed from a single source to TÜV-certified
quality, from both a technical and a commercial perspective.

The Company

With its professional execution of insurance and warranty claims, MEP Asset
Management has increasingly become established in its field, particularly in the
international maintenance of PV plants.

According to Mr Reuter, reliability can best be achieved through the kind of
strategic risk management that MEP Asset Management can offer. This was
confirmed in 2011, when TÜV Süd certified the company once again.

Such certificates are by no means usual in the relatively young solar industry.
According to renowned expert Prof. Palm from ISA International Solar Academy
e.V., the kind of standards that can guarantee efficient management of solar
plants with optimum reliability need to be constantly redeveloped on the basis
of past experiences. MEP Asset Management has access to exactly this kind of
knowledge as a result of its continuous collaborations with other companies. It
still seems to be the case that the planners of PV plants often forget that they
are planning power plants that, as a result of their long service life, often
require sustainable care and maintenance for over 20 years if they are to
provide long-term efficient operation.

MEP Asset Management GmbH is a subsidiary of the MEP Group GmbH and has
specialised in the technical and commercial operational management of
photovoltaic plants throughout Europe. Under the management of Christian Reuter,
the company is currently responsible for an asset volume of over 45 MWp,
distributed across the whole of Europe.

Press contact:

Viet-Dúc Nguyen
Tel.: (089) 442 32 87 20
Fax: (089) 442 32 87 10
email:duc.nguyen@mep-solar.de

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Source: MEP Group GmbH via Thomson Reuters ONE

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