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02.12.2010
Greenvironment secures major order in Poland for 1 MW plant
- 1 MW Greenvironment microturbine plant to be installed on a biogas site in Klepsk (Poland)
- Microturbine delivery scheduled for December 2010 - total plant commissioning in second quarter 2011
- Sales pipeline now approximately 20 million Euro

Berlin, 2nd December 2010 – Greenvironment plc has today closed a deal with POL-AQUA S.A. (www.pol-aqua.com.pl), the general contractor for the construction of a biogas plant with an 1 MW microturbine in the area of Klepsk (Poland). Greenvironment will deliver a CR1000 microturbine combined heat and power plant including a technical container comprising of a compressor station, a control cabinet and a SCADA system for remote monitoring.

The construction company for the biogas fermentation reactors will be the South-Germany based company Biogas Hochreiter GmbH (www.biogas-hochreiter.de). The local engineering and project management will be done by ITEO Sp. z o.o. (www.iteo-technologie.eu), a Polish engineering company specialized in renewable energy solutions with a strong focus on biogas.

"This first major order with Pol-Aqua, a leading Polish construction company, marks a milestone in our constant efforts to introduce the microturbine technology on the Polish market. Furthermore it shows that also the Polish project financing environment for renewable energy production has significantly improved," says COO Peter Dorner.

Mr Michal Gorka, Director of Marketing and Finance of Pol-Aqua, adds the following: "With this deal Pol-Aqua enters the fast growing Polish market for biogas. We believe that Greenvironment is a very promising partner for similar future projects in biogas and other areas of the distributed energy market."

Mr Matti Malkamäki, CEO of Greenvironment plc, states: "This deal is another proof of our successful growth path. The CR1000 microturbine to be installed in Poland means state of the art technology for clean, efficient and innovative energy production. This will make a good example for other projects to follow, the sales requests are increasing not only in Poland but throughout Greenvironment area of activity. Within 11 months, our sales pipeline increased tenfold to approximately 20 million Euro as of today."

About Greenvironment

Greenvironment is a European company active in the decentralized energy generation market and plans, builds and operates cogeneration heat and power plants (CHP) utilising microturbine technology. The company offers CHP plants in a power range of 30 kWel to 1 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas.

Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also: www.greenvironment.com.


For further information:

Matti Malkamäki
CEO Greenvironment plc
Tel.: +49 (0)30 311 6712 30
Fax: +49 (0)30 311 6712 59
E-Mail: IR@greenvironment.com


Legal Disclaimer

This press release contains forward-looking statements based on beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.


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