COMMISSION DECISION
of 27 January 2010
on the State aid C 27/08 (ex N 426/05) which Germany implemented for Sovello AG (formerly EverQ GmbH)
(notified under document C(2010) 172)
(Only the German text is authentic)
(Text with EEA relevance)
(2010/358/EU)
1.
PROCEDURE
2.
DETAILED DESCRIPTION OF THE AID
2.1.
The project
2.2.
The beneficiary
Date |
Document or fact |
Shareholder structure |
Summer 2004 |
Heads of Agreement |
Evergreen 75,1 %, Q-Cells 24,9 % |
27.12.2004 |
Application for aid |
|
13.1.2005 |
Articles of Association of Sovello |
|
14.1.2005 |
Initial master joint venture agreement (MJVA1) |
|
21.4.2005 |
Granting of aid |
|
1.9.2005 |
Notification of SME bonus (N 426/05) |
|
25.11.2005 |
Second master joint venture agreement (MJVA2) |
REC 15 %, Evergreen 64 %, Q-Cells 21 % |
7.6.2006 |
Commission approval of SME bonus (N 426/05) |
|
29.9.2006 (effective as from 19.12.2006) |
Modification of the MJVA2 |
Evergreen, Q-Cells and REC each 33,3 % |
2.3.
Investment cost and financing of the project
(in EUR) |
|
Investment category |
Amount |
Land |
[…](11) |
Buildings |
[…] |
Machinery/equipment |
[…] |
Total investment cost |
65 699 302 |
Total eligible cost |
60 873 300 |
(in EUR) |
|
Resource |
Amount |
Own resources |
[…] |
GA grant |
14 142 000 |
IZ investment premium |
14 329 100 |
Bank loan (not covered by public guarantee) |
8 000 000 |
Loan from mother companies |
[…] |
Total |
65 699 302 |