DGAP-News: Phoenix Solar Signs Contract with Silicon Ranch to Build 38.6 Megawatt Solar Electricity Plant in Georgia
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Phoenix Solar Signs Contract with Silicon Ranch to Build 38.6 Megawatt
Solar Electricity Plant in Georgia
08.07.2013 / 15:00
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Phoenix Solar Signs Contract with Silicon Ranch to Build 38.6 Megawatt
Solar Electricity Plant in Georgia
- State's Largest Solar Facility
- So far Largest ever Phoenix Solar Photovoltaic Project
- Construction Started at Simon Solar Farm, Outside Atlanta
SAN RAMON, California, 8 July 2013 / Phoenix Solar Inc.
(www.phoenixsolar.com), the U.S. subsidiary of Phoenix Solar AG (ISIN
DE000A0BVU93), today announced it signed a contract with Silicon Ranch
Corporation (www.siliconranchcorp.com) to build a 38.6-megawatt solar plant
called Simon Solar Farm in Georgia. Upon completion, the installation will
be the largest utility-scale solar power facility in the state and the
largest solar installation in the 14-year history of Phoenix Solar.
The high-profile project further demonstrates Phoenix Solar's commitment to
move its operational focus to high-growth regions, including the U.S. and
Asia. Phoenix Solar AG underlines that Simon Solar Farm is among the
strategic projects which will contribute to its planned increase of Group
revenues to between EUR160 mn and EUR190 mn in 2013.
Site work has already begun at Simon Solar Farm outside Atlanta which was a
cotton farm several decades ago. The solar power plant is scheduled for
completion by the end of 2013. The plant is expected to generate enough
renewable energy each year to charge a fleet of 10,000 electric vehicles
with enough electricity to be driven 20,000 miles.
Under the terms of the contract, Phoenix Solar Inc. will provide all
engineering, procurement and construction (EPC) services to Silicon Ranch
to develop the ground-mount solar park on 161 acres at the Simon Solar
Farm, about 30 miles east of Atlanta, the state capital. Phoenix Solar will
also provide long-term operations and maintenance (O&M) support for the
solar park.
Georgia Power, the state's largest electrical utility, has agreed to buy
the electricity generated from the solar park, under a 20-year Power
Purchase Agreement (PPA) with Silicon Ranch.
Phoenix Solar is deploying modules from JA Solar at the solar park, and
will utilize SMA inverters and Unirac mounting systems.
The Simon Solar Farm is yet another example of the strategic partnership
between Silicon Ranch and Phoenix Solar that has resulted in the
construction of several solar power facilities in the Southeast, including
the largest solar installation at a U.S. auto plant, namely the LEED
Platinum-certified Volkswagen factory in Chattanooga, Tennessee.
Matt Kisber, President and CEO of Silicon Ranch, said, 'Silicon Ranch is
proud to be under construction on the largest solar development in Georgia
and we look forward to producing clean, renewable electricity at this
facility before the end of this year. This project will further develop
Georgia's position as a leader in the adoption of clean, renewable solar
power. The strategic partnership with Phoenix Solar has allowed us to
accelerate the timetable for bringing this project on line this year,'
added Mr. Kisber.
Dr. Murray Cameron, CEO and President of U.S.-based Phoenix Solar Inc.,
said, 'The Simon Solar installation represents a giant step forward for the
adoption of solar power in Georgia and the entire Southeast, and we are
proud to be playing a key role in the region. Upon completion of the Simon
Solar project, Phoenix Solar will have installed approximately 50 megawatts
of solar power facilities in the Southeast as part of our strategic
partnership with Silicon Ranch. This project is the largest that the
Phoenix Solar Group has undertaken worldwide during the company's almost 14
year history and I am proud that the professionalism, diverse skills and
commitment of our US team has resulted in us being awarded this contract.'
Dr. Bernd Koehler, CEO of Phoenix Solar AG, added: 'Being selected to
develop this lighthouse project is definitely a milestone for the entire
Phoenix Solar Group. It will contribute to our planned revenue and earnings
improvements and it reaffirms that focussing on the growth markets in the
US and Asia is a sustainable foundation of our strategy.'
About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is
an international photovoltaic system integrator. The Group develops, plans,
builds and operates large-scale photovoltaic plants and is a specialist
wholesaler for turnkey power plants, solar modules and accessories. With
subsidiaries on three continents, the company has sold solar modules with
an output of significantly more than one gigawatt since its founding. The
shares of Phoenix Solar AG (ISIN DE000A0BVU93) are listed on the official
market (Prime Standard) of the Frankfurt Stock Exchange.
www.phoenixsolar-group.de
About Phoenix Solar Inc.
Established in California in 2010 as the U.S. subsidiary of Phoenix Solar
AG, Phoenix Solar Inc. (www.phoenixsolar.com) is a leader in the design,
construction, operation and maintenance of solar photovoltaic power plants
in North America. The company's technology-neutral approach allows us to
objectively provide the best solar solutions for our customers.
About Silicon Ranch
Silicon Ranch Corporation (www.siliconranchcorp.com) was formed for the
purpose of developing and operating utility-scale solar facilities. What
distinguishes Silicon Ranch from other solar developers is its ability to
deliver a green energy solution that addresses the environmental, business
and work force issues associated with successfully expanding solar capacity
and green jobs.
Contact:
Phoenix Solar AG
Dr. Joachim Fleing
Investor Relations Representative
Tel.: +49 (0)8135 938-315
Fax: +49 (0)8135 938-399
j.fleing(at)phoenixsolar.de
www.phoenixsolar-group.com
End of Corporate News
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Language: English
Company: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Germany
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt(at)phoenixsolar.de
Internet: www.phoenixsolar-group.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart
End of News DGAP News-Service
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220023 08.07.2013
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