International Energy Investments Group Ltd Inaugurates Two Ground Mounted Solar Power Plants in France Representing an Investment of EUR15Million

By International Energy Investments Group, PRNE
Thursday, November 4, 2010

International Energy Investments Group Plans to Invest EUR140Million in Other European Solar Power Plants Over Next 9 Months

DUBLIN and LONDON, November 5, 2010 - International Energy Investments Group, the Dublin based company which
invests in the renewable energy sector, has today inaugurated two
ground-mounted solar power plants in France, representing an investment of

The facility, which is situated in Ferrassières, near Avignon, in the
Rhône-Alpes region, consists of two separate photovoltaic power plants which
have a total nominal output of three megawatts (MWp). Co-developed on the
investment side with another Irish investment group, the power plants have
been developed and built by SOLON Investments, a SOLON SE (Germany)
subsidiary, and can generate enough energy to supply 3,000 people with
electricity each year.

Nearly 14,500 SOLON Blue 230 polycrystalline solar modules have been used
in the construction of the facility, which is located on the site of two
former French army launch pads for intercontinental nuclear ballistic

The two plants represent the first stage of an overall acquisition plan
by International Energy Investments Group to invest approximately
EUR140million in European solar power plants over the next 9 months.

Peter McCarthy, CEO of International Energy Investments Group, says: "The
quality of the finished plants and the professionalism employed by SOLON
during the development and construction process have contributed to making
these excellent long term investments. We look forward to developing further
projects with SOLON over the coming year and to realising further excellent
plants in that time."

Stefan Säuberlich, CEO of SOLON SE, says: "These power plant projects are
an excellent demonstration of how photovoltaics can create added value.
Former military sites are now hosting solar power plants that generate
environmentally-friendly energy and reduce CO2 emissions."

International Energy Investments Group is a Dublin based company which
specialises in utility scale solar energy power plants. The company has a
team which boasts over 18 years of technical experience in the renewable
energy space. Financially, team members have raised or put in place
facilities worth over EUR3billion over the last ten years and are firmly
focused on execution, long term performance and superior managed returns to

Peter McCarthy, founder of International Energy Investments Group, has
been developing and investing in the renewable space in Europe and Central
for the past number of years. In the past, he has built a number of
successful companies and previously served as an executive within the Denis
O'Brien telecoms businesses of Digicel and Esat Telecom.

SOLON SE is one of the largest manufacturers of solar modules in Europe
as well as a supplier of solar system technology for large-scale rooftop and
greenfield installations. The SOLON Group has subsidiaries in Germany,
Austria, Italy, France, Switzerland, and the U.S. and employs some 950 people
worldwide. SOLON's core business is producing solar modules and photovoltaic
systems along with planning and constructing large rooftop installations and
turnkey solar power plants all over the world.

For further details, please contact: Breda Brown/Lisa Buckley, Unique Media, Tel: +353(01)522-5200 or +353(087)-2487120

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