Creating Value For Our Investors
Sustainable energy is a fast-growing international business, worth many billions of Euros per year.
With a combination of hard commercial realism, an understanding of public finances and a commitment to economic as well as environmental sustainability, Segen's objective is to create real value for our investors over the long term.
As part of our policy of providing cost-efficient clean energy we will initially be taking advantage of incentives that the Spanish government is offering to promote the production of electricity from sustainable resources.
Spanish incentives for clean energy
On the 28th March 2004, the Royal Decree 436/2004, dated 12th March 2004 was passed into Spanish law setting out the following feed-in tariffs for electrical energy produced from Solar Photovoltaic (PV) installations:
- For installations up to 100kWp, the electricity will be paid for at €0.42 per kWhr.
- For installations up to >100kWp, the electricity will be paid for at €0.22 per kWhr.
These levels of tariff are guaranteed for 25 years.
It is Segen's intention to develop PV sites that are profitable at the lower level of tariff for the larger sites thereby not limiting the size of plant we can construct and operate.
As an independent power producer, Segen's prospective turnover by 2009 is estimated to be in the region of 10m Euros per annum. By 2010, our aim is to be generating in excess of 20 MW+ of PV power, thereby contributing nearly 1% of the EU's target capacity.
