Masdar PV secures loan for 11.7 MW solar photovoltaic park in Germany

Ichtershausen (ots) - Non-recourse project financing for the 11.7
MW PV solar park owned by Masdar PV GmbH

Masdar PV, which manufactures thin-film solar photovoltaic (PV)
modules, has secured a 17-year loan to finance one of Thuringia's
largest thin-film solar PV parks. The lending consortium led by
Ostsächsische Sparkasse Dresden and the Sparkasse Gotha provided the
loan.

The plant is located near Masdar PV's production premises in
Ichtershausen, Germany. The solar park, which has an installed
capacity of 11.7 MW, covers an area as large as 40 football pitches.
The ground-mounted solar park's annual yield of 10.8 million kilowatt
hours is enough to provide power for around 3,400 households. The
solar park offsets about 6,400 tons of carbon dioxide emissions a
year, which is the same as taking more than 2,000 medium-sized cars
off the roads.

The 17-year loan was secured at very competitive rates, and serves
as a benchmark for Masdar PV's microcrystalline photovoltaic
technology. Alongside Ostsächsische Sparkasse Dresden and the
Sparkasse Gotha, Sparkasse Jena and Sparkasse Mittelsachsen
participated in the financing.

About Masdar PV GmbH

Masdar PV GmbH develops and produces innovative thin-film solar
products and solutions. The company is a 100-percent subsidiary of
Masdar, Abu Dhabi's renewable energy company advancing the
development, commercialisation and deployment of clean energy
technologies and solutions. Masdar serves as a link between today's
fossil-fuel economy and the energy economy of the future. Backed by
the Mubadala Development Company, the strategic investment company of
the government of Abu Dhabi, Masdar is dedicated to the Emirate's
long-term vision for the future of energy.

The selection of module sizes from which customers can choose -
and the products' advantageous cost-benefit ratio - ensure that the
high-tech modules from Masdar PV are ideally suited for
ground-mounted installations and large-area rooftop systems.
Transparent and colored modules allow architects to build futuristic,
façade- and roof-integrated PV installations.

Please visit our website for additional information:
www.masdarpv.com

Press Contact:
Masdar PV GmbH
Andrea Müller | Expert Marketing & Communications
Wolff-Knippenberg-Str. 4 | 99334 Ichtershausen
Tel. +49 (0)3628 5868-212 | Fax +49 (0)3628 5868-150
E-Mail: amueller@masdarpv.com