DGAP-News: Phoenix Solar Aktiengesellschaft to build 3.5 megawatt solar park in Italy
(firmenpresse) - Phoenix Solar Aktiengesellschaft / Miscellaneous
19.07.2010 07:00
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Phoenix Solar AG to build 3.5 megawatt solar park in Italy
* Etrion Corporation commissions Phoenix Solar as general contractor
* 3.5 megawatts in Borgo Piave, Lazio, Italy
* Contract value of approximately EUR 10 million
Sulzemoos 19 July 2010 / Phoenix Solar AG, Sulzemoos (ISIN DE000A0BVU93), a
leading international system integrator listed on the German TecDAX, has
been commissioned by Etrion Corporation (TSX: ETX), a Canadian energy
company, as general contractor for the turnkey construction of a 3.5
megawatt (MW) ground-mounted photovoltaic plant in Borgo Piave in the Lazio
region of Italy. The contract value is approximately EUR 10 million.
Phoenix Solar is responsible for the planning and construction of the solar
power plant. After the plant has been commissioned, Phoenix Solar will also
provide Etrion with operation and maintenance services. Trina Solar
crystalline solar modules and SMA inverters will be used for the plant.
Construction work has been scheduled to start in August 2010 to enable the
plant to be connected to the grid by the end of the year. The plant will
generate and supply approximately 5 million kilowatt hours per year of
environmentally friendly electricity to the grid.
Marco Northland, Chief Executive Officer of Etrion, commented as follows:
'We are pleased to partner with Phoenix Solar on this project and look
forward to expanding our relationship in the near future. The 3.5 MW solar
plant in Borgo Piave is part of our internal development portfolio and
demonstrates our Italian team's execution capability converting business
development pipeline into installed megawatts.'
Ulrich Reidenbach, Chief Sales Officer of Phoenix Solar AG, said, 'We are
delighted that Etrion has chosen Phoenix Solar for our expertise in
constructing large scale solar parks. We hope to continue our cooperation
in the near future with additional projects.'
The law in Italy on feed-in tariffs for electricity generated from solar
plants is one of the most attractive in Europe. Remuneration is paid for a
period of 20 years from the time when a plant is commissioned. The feed-in
tariff for projects built in 2010 is EUR 0.346 per kilowatt hour. In
addition, Etrion can sell the electricity at a market price of
approximately EUR 0.08 per kilowatt hour.
This is an English translation of the German original. Only the German
version is binding.
About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic system integrator. With total revenues
of EUR 473 million, the Group achieved an EBIT of EUR 12.2 million in the
financial year 2009. The company develops, plans, builds and takes over the
operation of large-scale photovoltaic plants and is a specialist wholesaler
for complete power plants, solar modules and accessories. The Group is a
leader in photovoltaic system technology. It focuses on the consistent
lowering of system costs. With a sales network throughout Germany, and
subsidiaries in Spain, Italy, Greece, France, Singapore, Oman and
Australia, the Group currently has a workforce of more than 300 employees.
The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are listed on the
official market (Prime Standard) of the Frankfurt Stock Exchange and on the
TecDAX, Deutsche Börse AG's technology index.
About Etrion Corporation
Etrion Corporation is a Canadian energy company based in Geneva,
Switzerland, and is listed on the Toronto Stock Exchange (ticker symbol
'ETX'). The company is focused on building, owning and operating electrical
power plants based on renewable sources of energy, including solar
photovoltaic, solar thermal and wind. Etrion is owned 45 percent by Lundin
Petroleum, a Swedish independent oil and gas company traded on the NASDAQ
OMX Stockholm Exchange (ticker symbol 'Lupe'), and approximately 13 percent
by the Lundin family through various trusts.
19.07.2010 07:00 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Deutschland
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt(at)phoenixsolar.de
Internet: http://www.phoenixsolar.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München (m:access), Hannover, Düsseldorf,
Stuttgart, Hamburg
End of News DGAP News-Service
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Datum: 19.07.2010 - 07:00 Uhr
Sprache: Deutsch
News-ID 24065
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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