AGO AG Energie + Anlagen: Strategic participation in an Italian company
- Raw material supplies for future biomass cogeneration plants secured through energy forest
- Construction permit received for biomass cogeneration plant with delivery of power into the public grid
- 33 percent share in PELLEREI AGO ENERGIA
Kulmbach, 8 October 2009: AGO AG Energie + Anlagen (cusip number: A0LR41 / ISIN: DE000A0LR415) together with STU S.r.l. has taken a share in PELLEREI AGO ENERGIA Società Agricola S.r.l. in Italy. PELLEREI AGO ENERGIA has a 74 hectare plantation for fastgrowing wood in the region between Milan and Turin and has obtained a construction permit for a biomass cogeneration plant with receiving compensation for delivering electric current into the public grid. The energy forest’s operative field of activity is the production of fastgrowing trees, such as cottonwood, which can be used for firing biomass cogeneration plants.
AGO AG Energie + Anlagen has acquired 33 percent of the shares of the Italian company. The parties agreed not to disclose the purchase price. Of STU S.r.l. – one of the original shareholders of AGO energia S.r.l. – 14 percent are held. The remaining shares are possessed by the brothers Pellerei.
„Through PELLEREI AGO ENERGIA, AGO AG guarantees for a high-quality raw material supply of wood chips on a long-term basis. This strategic participation thus facilitates the raw material management for AGO AG Energie + Anlagen. Furthermore, it will help us push the operative fields of activity in Italy and serve as a further reason for the implementation of biomass cogeneration plants“, says Hans Ulrich Gruber, spokesman of the Board of AGO AG Energie + Anlagen.
About AGO AG Energie + Anlagen
AGO AG Energie + Anlagen, with its registered office in Kulmbach, was founded in 1980 and is specialized in the area of innovative and efficient energy supply facilities for industrial customers and municipalities. Main focus of AGO AG Energie + Anlagen is laid on the following business divisions: plant development and implementation, as well as service and consulting. The core competence of the company mainly commits to thermal power stations, to heating, cooling and ventilation technology plant construction, biomass cogeneration plants and trigeneration. Site studies and development, consulting in energy efficiency, resource and fossil fuel management as well as emission trade management – these factors complete the business model. AGO symbolizes efficiency, security and technological competence of your energy supply facilities.
AGO AG Energie + Anlagen
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