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AEG Licensing SEMAG To Manufacture Industrial-grade Solar Inverters

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AEG Power Solutions, a global provider of power supply
systems and solutions has announced that it has granted to the Ukrainian
company SEMAG the exclusive right to
manufacture solar inverters under AEG PS technology. SEMAG is a joint venture created by SE Group
International and Metropoliya.

SE Group International is a group of companies, led by
S-Engineering LLC which has been granted since 2017 the right to use the
marking of European conformity CE to the equipment it manufactures thanks to
its full compliance with European quality standards.

Metropoliya group of companies is a full circle engineering
entity in the power sector - from idea to implementation and is a leader in its
activity in Ukraine

Acquiring AEG Power Solutions
premium technology for solar inverters gives SEMAG and its parent companies SE
Group International and Metropliya the capacity to manufacture solar inverters
conforming to the German quality standards on the territory of Ukraine and to
develop alternative energy in Ukraine.

The inverter equipment with power up to 1000 KW intended for
solar power stations will be manufactured at S-Engineering facility in Odessa.

Metropoliya and S-Engineering companies have already
experienced joint cooperation in alternative energy in Ukraine. The creation of
SEMAG and the possibility to manufacture one of the key components of
photovoltaic plant under a world-leading German technology license is a further
step in this partnership.

Aleksander Semenyug,
leader of SEMAG LLC and Director of solar power projects of S-Engineering LLC
explains: "the high-quality
invertor equipment is a necessary component for all solar power stations under
construction. The equipment manufactured in Ukraine under the technology of AEG
PS means we will have a sufficient percentage of local production to obtain the
U1 certificate that will become an additional motivation to implementation new
solar power stations. Accelerating the process of transition to alternative
energy sources will considerably improve energy and ecological situation of our
region."

Jörg Liedloff, Vice President Business Development and new
Markets of AEG Power Solutions, also comments: "we welcome the beginning
of a partnership with Ukrainian companies. Thanks to the development of
alternative energy in Ukraine there is a growing demand for inverters' local
production in Ukraine. Finding a company whom we could entrust our technology
took us significant time. The only challenger conforming in Ukraine to the high
German standards of today is S-Engineering. We are glad to start cooperation
with both Metropoliya company, the leader of engineering activity in the sphere
of power production, and S-Engineering company, the European-grade manufacturer
level in Ukraine. We are confident in the success of this endeavor. It is
crucial that our technology can contribute to the development of alternative
energy in Ukraine thanks to equipment manufactured with our technology. This
opens opportunities and we will continue to consider further plans.”

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