AEG Power Solutions Commissions a Major Solar Project for Nahar Group in India

AEG Power Solutions (FWB:3W9) (AEG PS), a leading global manufacturer of power electronic systems and solutions for industrial power supplies and renewable energies, commissioned a major PV based power project with a new customer Nahar Group – a leading corporate company in India.

Located in Bikaner (Rajasthan); the 5.83 MWp project is equipped with high efficiency crystalline modules and connected to a 33 kV grid. The scope of the contract covered design engineering procurements installation and commissioning by AEG PS team. On the balance of systems AEGPS Protect PV.630 inverters supported by skytron® energy monitoring solutions were used. The project is executed under the REC (Renewable Energy Certificate scheme).

The project was executed in tough geo-technical conditions in open fields under high temperatures of 48° C and is a testimony to AEGPS‘ commitment. Always leading through innovation, AEG PS aims to continually deliver improvements to power solutions across the globe.

"We at Nahar Group establishing ourselves as a leader in the Indian textiles and export garment industry, ventured into the renewable energy with investments in wind power generation. Nahar Group further plans to expand its wings in this sector through strategic approach and we are extremely happy to have partnered with AEGPS, known for their premium quality and high efficient products world over. Their high degree of commitment, professionalism and transparency was evident throughout the project and they successfully commissioned it under very tight schedules”, Mr Sandeep Jain, Executive Director of Nahar Group said. .

"We are very proud to be associated with Nahar Group a leading player in the textile industry with a global footprint, in executing this 5.8 MWp solar power plant. We firmly believe that the quality oriented plant performance leads to future growth and more value based opportunities. Our project expertise, high efficiency inverters and world class skytron’s monitoring solutions are some of the key features that helped to deliver this high energy yielding solar power plant. . This is a first step towards a successful association between AEGPS and Nahar Group,” said Sridhar Murthy, Managing Director of AEG Power Solutions in India.

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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 LU0953526265), 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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