DGAP-News: Phoenix Solar Aktiengesellschaft builds solar power plant for the Saudi Arabian Oil Company in Riyadh
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Phoenix Solar Aktiengesellschaft builds solar power plant for the
Saudi Arabian Oil Company in Riyadh
14.02.2011 / 12:45
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Phoenix Solar builds solar power plant for the Saudi Arabian Oil Company in
Riyadh
*Saudi Arabia's largest photovoltaic plant of 3.5 megawatts
*Solar electricity to supply KAPSARC, the world's largest energy research
centre
Sulzemoos, 14 February 2011 / Oman-based Phoenix Solar L.L.C., a subsidiary
of Phoenix Solar AG (ISIN DE000A0BVU93), an international photovoltaic
system integrator listed on the German TecDAX, is to build a solar park
with a peak power of 3.5 megawatts for the Saudi Arabian Oil Company (Saudi
Aramco). Saudi Aramco, the world's largest oil producing company,
commissioned Phoenix Solar last year to install a photovoltaic testing
field designed to analyse different module technologies at its headquarters
in Dhahran.
The solar power plant will be built on land where the King Abdullah
Petroleum Studies and Research Center (KAPSARC) is currently under
construction - close to Riyadh, the capital of Saudi Arabia. KAPSARC itself
is the largest energy research centre in the world. The construction of
KAPSARC is geared towards achieving LEED Platinum certification. The
Leadership in Energy and Environmental Design (LEED), developed by the U.S.
Green Building Council, is a system which rates green building and sets
standards for sustainable building.
Together with Naizak Global Engineering Systems, its local project partner
in Saudi Arabia, the task of Phoenix Solar will be to design and build the
grid-connected ground-mounted photovoltaic plant by the end of September
2011. Phoenix Solar's principal is M.R. Khathlan (MRK), a Saudi company
which, in its capacity as general contractor, will design and build the
electricity and water supply of KAPSARC.
The photovoltaic project was awarded through an international bidding
procedure. Alongside Phoenix Solar's cutting-edge competence in power plant
construction and the presence of the company in the Gulf region, a
determinant factor for winning the contract was the experience gathered by
Phoenix Solar from the test facility.
'The solar market in the Gulf region is still in its infancy. There is,
however, a huge potential for solar power plants in Saudi Arabia. We are
delighted to be able to build the largest ground-mounted plant in Saudi
Arabia and will use our know-how to support the introduction of renewable
energies into Saudi Arabia and the Gulf region to the best of our ability',
commented Klaus Friedl, general manager of Phoenix Solar L.L.C.
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.
End of Corporate News
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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
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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112063 14.02.2011
Datum: 14.02.2011 - 12:45 Uhr
Sprache: Deutsch
News-ID 33199
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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