AEG Power Solutions Opens A New Branch Office In Santiago de Chile Targeting Solar Market

• AEG Power Solutions extends its global presence to Chile and Latin America markets.
• The group pursue its strategy to grow its Solar business outside Western Europe

ZWANENBURG, The Netherlands & SANTIAGO, Chile--(BUSINESS WIRE)--AEG Power Solutions, the energy technology and power electronics specialist, is carrying on developing its solar activities on growing markets outside Western Europe. The company is opening a new branch office in Santiago de Chile, focusing on this business. The office will be managed by Luis Garcia, former Managing Director of OpciónDos (Solar Engineering company, acquired by AEG PS in 2010) and with more than ten years of experience in Energy, the last eight in photovoltaic. This office will be supported by Phd. Freddy Cañizales, who has over 20 years of experience with AEG Power Solutions, and will be theTechnical Manager for Latin America.

“Chile is the place where the photovoltaic power generation is competing against more mature technologies face to face, explains Luis Garcia. On this side, this is the right place to understand the dynamics of the new photovoltaic era”

Although Chile, as many South American countries does not have a feed-in-tariff or subsidies, a significant growth of photovoltaic as power source is planned for the coming years. “Chile is the place where the photovoltaic power generation is competing against more mature technologies face to face, explains Luis Garcia. On this side, this is the right place to understand the dynamics of the new photovoltaic era”.
The new office will offer the complete solar solutions of the group, including inverters and container solutions, combiner boxes and monitoring systems as well as service for ever-larger, ever-more reliable on and off-grid generating facilities.
AEG Power Solutions has a more than ten years track record in Chile. Companies like Codelco, Transelec, Celulosas Arauco, Tren Electrico de Santiago are already equipped with AEG Power Solutions products, all supporting critical processes.
AEG PS offers an extensive range of innovative, utility-grade solar inverters and backed up by a global network of service engineers and project services. Premium software-based solutions from the skytron subsidiary which monitor and control utility scale photovoltaic power plants, offer an unbeatable opportunity for delivering the most power from the sun to the grid. Over the past few years, AEG Power Solutions has equipped and commissioned more than 860 utility-scale solar installations around the world. “After South Africa and India, developing a direct presence in Chile is part of our solar expansion strategy”, explains Bob Roos, VP Solar Strategic Business unit of AEG Power Solutions.

AEG Power Solutions in Chile:

AEG Power Solutions
Golf 40, 12th Floor,
Las Condes
Santiago - Chile

Tel: [phone]

Fax: [phone]

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About AEG Power Solutions
AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial power requirements offering one of the most comprehensive product and service portfolios in the area of power conversion and power control. Two complementary operating business segments, Renewable Energy Solutions (RES) and Energy Efficiency Solutions (EES) serve customers worldwide. The RES product and service portfolio consists of systems and solutions for solar power plants, such as solar inverters, monitoring and control systems as well as power controllers for a wide range of industrial applications such as polysilicon, energy storage, sapphire and glass. The EES product and service portfolio includes high-performance uninterruptable power supplies (UPSs), industrial chargers, DC systems and converters.

Thanks to its distinctive expertise bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for smart grids.

AEG PS’ global footprint includes 17 subsidiaries and competence centers around the world with 1,600 employees.

AEG Power Solutions Group is the sole subsidiary of the holding company 3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9).

For more information, visit www.aegps.com.

This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.

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