DGAP-News: Phoenix Solar AG builds a 12 megawatt solar park, the company's largest power plant ever outside Germany
(firmenpresse) - DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s):
Contract/Miscellaneous
Phoenix Solar AG builds a 12 megawatt solar park, the company's
largest power plant ever outside Germany
13.04.2011 / 15:30
---------------------------------------------------------------------
Phoenix Solar AG builds a 12 megawatt solar park, the company's largest
power plant ever outside Germany
- First power plant project with KGAL in France
Sulzemoos, 13 April 2011 / Phoenix Solar AG, a leading international
photovoltaic system integrator listed on the German TecDAX (ISIN
DE000A0BVU93), has signed an agreement on the turnkey construction of a
solar park with a peak power of around 12 megawatts in France. Phoenix
Solar AG was commissioned by a joint venture formed by InfraClass Energie
5, a closed-end fund of KGAL, with the French company CRYO SARL.The plant
is Phoenix Solar's largest to date outside Germany.
The solar park will be built in Le Castellet in the Département Var, some
40 kilometres southeast of Marseille. The 25 hectare piece of land is
located in a region with one of the highest solar irradiations in France.
Almost 150,000 First Solar modules and 35 Power One central inverters will
be used to build the 12 megawatt power plant which will supply more than
3,000 households with green electricity in the future.
As the EPC contractor, Phoenix Solar AG will be responsible for the
planning, delivery and construction of the solar park. Construction work
has already begun and is due for completion at the end of August. Phoenix
Solar will subsequently take over the maintenance and operation of the
power plant.
As all the necessary official approvals had been secured at an early stage,
electricity fed into the grid will be compensated by energy utility EDF
based on the feed-in tariff still valid in 2009.
'We are very pleased that we had Phoenix Solar's long-standing experience
to rely on in a project of this size. This project is the second one
developed by our company and realised by Phoenix Solar based on a long term
relationship', commented Damien Brunon, General Manager of CRYO SARL. 'The
solar park in Le Castellet is symbolic of the expansion of renewable
energies and the opportunities for photovoltaics in France. We hope that we
will be able to implement more projects of this type in the future', said
Dr. Klaus Wolf, member of KGAL's Management Board. KGAL offers closed-end
funds to private and institutional investors which enables them to benefit
from the opportunities inherent in generating power from solar energy.
'This project, our largest outside Germany, makes us very proud. Le
Castellet is an important milestone in the process of raising the
proportion of our international business in 2011. We are pleased that we
are now successfully working together with KGAL in France as well and to
continue our partnership with CRYO in project development', stated Dr.
Andreas Hänel, Chief Executive Officer of Phoenix Solar AG.
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. Based on provisional
figures, the Group achieved total revenues of EUR 636 million and an EBIT
of EUR 36.4 million in the financial year 2010.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 400 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
D-85254 Sulzemoos
Tel. +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner(at)phoenixsolar.de
www.phoenixsolar.de
Amtsgericht München HRB 129117
Ust-ID Nr. DE 812868419
End of Corporate News
---------------------------------------------------------------------
13.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory 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
---------------------------------------------------------------------
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
---------------------------------------------------------------------
119722 13.04.2011
Datum: 13.04.2011 - 15:30 Uhr
Sprache: Deutsch
News-ID 33776
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 195 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Phoenix Solar AG builds a 12 megawatt solar park, the company's largest power plant ever outside Germany"
steht unter der journalistisch-redaktionellen Verantwortung von
Phoenix Solar Aktiengesellschaft (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
