DGAP-News: Phoenix Solar to build 1.8 MWp solar power plant in Saudi Arabia
(firmenpresse) - DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Incoming
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Phoenix Solar to build 1.8 MWp solar power plant in Saudi Arabia
17.07.2013 / 10:00
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Phoenix Solar to build 1.8 MWp solar power plant in Saudi Arabia
- Saudi Aramco extends recently completed project
- Phoenix Solar to strengthen Middle East operations
Sulzemoos 17 July 2013 / Phoenix Solar AG, (ISIN DE000A0BVU93), an
international photovoltaic system integrator listed on the Prime Standard
of the Frankfurt Stock Exchange announces that its Oman and Singapore
subsidiaries are jointly executing a 1.8 MWp solar power plant on the
grounds of KAPSARC (King Abdullah Petroleum studies and Research Center) in
Riyadh, Saudi Arabia, and home to the world's largest oil research
facility.
The KAPSARC II project is contracted by Saudi Aramco, and will extend the
existing solar plant from 3.5 MWp to 5.3 MWp - also built by Phoenix Solar
-, making it the largest ground mounted system in the Kingdom. The project
supports KAPSARC's objective to achieve LEED Platinum Certification
(Leadership in Energy and Environmental Design). The system is scheduled to
become operational in the first half of 2014.
Phoenix Solar Oman and Phoenix Solar Singapore, together with local project
partner Hi-Technology&Contracting Company Ltd ('Hi-Tech'), will be
jointly responsible for the design, procurement, construction and
commissioning of the 1.8 MWp solar power plant. Upon completion the plant
will cover around 2.6 hectares of desert land, and feed over 2'900
megawatt-hours a year directly into KAPSARC's medium voltage grid.
'The Middle East is a fast growing region, with potentially high demand for
solar energy in the future', said Dr. Bernd Köhler, Chief Executive Officer
of Phoenix Solar AG. 'With this new order in hand we will strengthen the
Oman office, which will operate with the support of Phoenix Solar
Singapore. Both subsidiaries will combine experience and know-how to apply
the best solutions to accommodate the harsh desert climate conditions of
this region and to continue building high performance solar power plants'.
With an increasing market portfolio, Phoenix Solar continues its business
expansion, strengthening at the same time its position as an international
photovoltaic EPC company.
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.com
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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17.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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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221555 17.07.2013
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Datum: 17.07.2013 - 10:00 Uhr
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News-ID 279075
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