DGAP-News: Phoenix Solar Aktiengesellschaft: market entry into Malaysia
(firmenpresse) - Phoenix Solar Aktiengesellschaft / Key word(s): Miscellaneous
16.09.2010 15:00
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Phoenix Solar AG: market entry into Malaysia
*Phoenix Solar founds a company in Malaysia
*Inauguration ceremony of a 169 kWp rooftop plant in Malaysia
Sulzemoos 16 September 2010 / Phoenix Solar Pte Ltd in Singapore, a
subsidiary of TecDAX listed Phoenix Solar AG (ISIN DE000A0BVU93) based in
Sulzemoos, Germany, has founded a subsidiary in Malaysia. The headquarters
of Phoenix Solar Sdn Bhd are located in Kuala Lumpur. The company will
develop and build turnkey ground-mounted and rooftop photovoltaic plants.
The range of products and services also comprises stand-alone photovoltaic
systems and building-integrated solar plants.
At the end of July, Malaysia's Ministry of Energy announced the
introduction of feed-in tariffs for photovoltaic plants from the year 2011
onwards. The National Renewable Energy Policy and Action Plan provides for
an increase in the production of electricity from renewable energies from
one percent to 5.5 percent by 2015. Under an official draft drawn up by the
Malaysia Energy Centre, photovoltaic electricity is to be remunerated at a
converted rate of around 21 to 44 eurocents per kilowatt hour over a period
of 21 years, with an annual degression rate of eight percent for newly
installed systems. Parliament is expected to consult on the National
Renewable Energy Policy and Action Plan in October.
Phoenix Solar Pte Ltd, Singapore, has already completed two projects in
Malaysia. On Friday 17 September, a rooftop plant with a peak power of 169
kilowatts (kWp), built on a surface area of 1,800 square metres on a
factory building belonging to ixmation Malaysia in Penang, will be
inaugurated. CIGS thin-film modules manufactured by Solyndra were used to
build the plant, which is the first of its kind in Malaysia.
'ixmation provides assembly solutions for the solar industry, so it is
natural that the new building would contain modern solar panels for energy
generation. The cooperation with competent partners such as Phoenix Solar
and Solyndra enhances technology solutions for the benefit of all
involved', stated Martin Pfister, CEO of ixmation group.
The second project of Phoenix Solar Singapore in Malaysia had already been
completed before the end of 2009. A 71 kWp plant was built on the roof of
the new headquarters of the Energy Commission of Malaysia in Putrajaya.
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, Malaysia, Oman,
Australia and the United States of America, the Group currently has a
workforce of more than 350 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 German TecDAX, Deutsche Börse AG's
technology index.
Contact:
Phoenix Solar AG
Anka Leiner
Investor Relations
Hirschbergstraße 8
85254 Sulzemoos
Germany
Tel. +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner(at)phoenixsolar.de
www.phoenixsolar.de
Local Court of Munich HRB 129117
16.09.2010 15:00 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
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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 Hamburg, München (m:access), Düsseldorf, Berlin,
Stuttgart, Hannover
End of Announcement DGAP News-Service
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Datum: 16.09.2010 - 15:00 Uhr
Sprache: Deutsch
News-ID 32201
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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