Hannes Kuhn resigns from Supervisory Board
Erlangen, 26 September 2011 Last night, Mr. Hannes Kuhn informed the Executive Board of Solar
Millennium AG that he will resign from the company’s Supervisory Board with
immediate effect. Mr. Kuhn explained his decision in a personal statement,
which is enclosed in this press release. A successor for Mr. Kuhn will be announced in due time.
The Executive Board accepted Mr. Kuhn’s resignation with respect and appreciation. The Board expects that this personal decision helps to put an end to the public discussion regarding his role that has proved an immense strain on the company, its staff and Mr. Kuhn himself.
The Executive Board thanks Mr. Kuhn for the significant contribution he made to the founding and development of Solar Millennium AG as one of the main global players in the development and operation of solar-thermal power plants.
About Solar Millennium AG:
Solar Millennium AG (ISIN DE0007218406), Erlangen, is a company that operates globally in the renewable energy sector, with its main focus on solar power plants. Together with its subsidiaries and associates, the Company specializes in solar-thermal power plants, particularly parabolic trough plants, and has taken a global leadership position in this field.
Solar Millennium is striving to further extend its expertise in this area with the aim of achieving and securing sustainable technology leadership. The Company covers all important business sectors along the value chain for solar power plants: from project development and financing to technology and the turnkey construction and operation of power plants. Solar Millennium realized Europe’s first parabolic trough power plants in Spain as well as the first modern parabolic trough solar field in Egypt. In Blythe (California), Solar Millennium is presently developing the largest solar power plant in the world. Additional projects are planned around the world with a total capacity of several thousand megawatts. The current regional focus is on Spain, the U.S., the Middle East and North Africa.
About solar-thermal power plant technology:
Solar-thermal power plants generate electricity by converting solar radiation into heat energy. In a parabolic trough power plant, trough-shaped mirrors concentrate the incidental radiation onto a pipe in the focal line of the collector. Its absorption heats a fluid heat medium in the pipe, generating steam in the power block through a heat exchanger. As in conventional power plants, the steam powers a turbine to generate electricity. By integrating thermal storage, electricity can be supplied on demand, even after sunset.
You can download the personal statement of Hannes Kuhn here.