Talks are currently being held with representatives from the Algerian government and energy industry with solarhybrid of North Africa, led by Tom Seidensticker — the first company to deliver large-scale photovoltaic power plants in the Maghreb. This is in fact a joint venture led by solarhybrid AG. The declared objective is to provide North African engineers with the expertise of solarhybrid when constructing and operating solar power plants in Algeria. Further jobs would be created locally in the areas of maintenance and safety, as well as in the supplying industry.
solarhybrid of North Africa is prepared to support Algeria in its efforts to fulfil its energy goals and to enter into cooperations with companies and government institutions to this purpose. The use of the sun, one of the most valuable resources in Algeria, can ensure more economic growth and employment, less dependence from fossil energy sources and overall improved living conditions. In connection with the development of the Algerian energy industry, clean solar energy would at the same time reduce the emission of the climate-damaging greenhouse gas carbon dioxide (CO2) right from the start.
Project financing, structuring and marketing are all carried out by solarhybrid capital management GmbH, a wholly owned subsidiary of solarhybrid AG. The expertise in technical, organisational and financial project management is proven by a track record of projects carried out or commissioned with 266 MWp in 2010 and 2011. Contracts for a further 123 MWp are set to be awarded in the near future. The project pipeline is at about 369 MWp in Europe, 2.25GWp in the USA and 225 MWp in South Africa. The company is run from its locations in Hamburg, Frankfurt/Main and Brilon. In addition to these, there are also local companies in Italy, the USA, South Africa and the Middle East. Company shares are traded on the General Standard of the Frankfurt Stock Exchange.