Phoenix Solar Aktiengesellschaft / Miscellaneous
04.04.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Phoenix Solar AG inaugurates 6.5 megawatt solar power plant
Festive inauguration ceremony together with financing partner KGAL
Largest solar project to date
Sulzemoos 4 April 2008 / Phoenix Solar AG celebrated the commissioning of
La Solana in Spain on 1 April, its largest solar park to date, together
with its financing partner KGAL and many guests. The solar power plant is
located in the region of Castilla-La Mancha, around 200 km south of Madrid.
The photovoltaic power plant has a peak power output of 6.5 megawatts and,
since the end of March, has been feeding environmentally compatible
electricity into the grid of Union Fenosa, the local utility.
Guest speakers at the Spanish ceremony were María Luisa Araújo, the Vice
President of the Castilla-La Mancha region, Diego García-Abadillo, La
Solanas mayor, Rufino Vigil as the representative of Union Fenosa,
Francisco Conesa Cervantes, managing director of Phoenix Solar S.L. in
Madrid, Dr. Klaus Wolf, member of the Board of Directors of KGAL and Dr.
Torsten Hass, member of the Board of Directors of Phoenix Solar Energy
Investments AG.
Phoenix Solar developed the La Solana project together with a Spanish
partner. As general contractor, Phoenix was responsible for the planning,
construction and turnkey delivery to KGAL and for operating the plant. The
electrical work was done by the Spanish company SDEM TEGA S.A. in the role
of a sub-contractor. The financing of the solar park is being carried out
by way of InfraClass Energie 3, KGALs third solar energy public fund.
Several private investors have participated in the operating of the solar
park in one of Europes sunniest regions via this closed-end fund.
The expected electricity production in La Solana is 1,580 kilowatt hours
(kwh) per kilowatt peak, which makes it around 50 percent higher than a
favourable location in southern Germany. The 40,320 crystalline modules
deliver an annual yield of approximately 9.8 million kWh over a surface
area of around 21 hectares, which supplies some 11,000 people, or 70
percent of the inhabitants of the town of La Solana, with electricity on a
long-term basis.
'Spain is a very interesting solar market especially owing to the high
irradiance and the resulting yield, but also because of the farsighted
promotion of alternative energies in Spain. We are proud that we have the
experience, gathered through power plant construction in Germany, which we
can now export abroad and use gainfully', commented Dr. Torsten Hass,
member of the Board of Directors of Phoenix Solar Energy Investments AG.
This is an English translation of the German original. Only the German
version is binding.
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About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic systems integrator. Until June 2007, the
company, which was set up in 1999, went by the name of Phönix SonnenStrom
AG. The preliminary figures for the financial year 2007 come to EUR 260
million in total revenues, with an EBIT of EUR 22.3 million. The Phoenix
Solar Group anticipates sales considerably in excess of EUR 300 million,
generated in Germany and abroad, for the financial year 2008. Phoenix Solar
AG plans, builds and operates large photovoltaic plants and is a specialist
wholesaler for complete power plants, solar modules and accessories. The
Group is a leader in photovoltaic systems technology. It focuses on the
consistent lowering of system costs. With a sales network which covers the
whole of Germany, and subsidiaries in Spain and Singapore, as well as a
participation in Italy, the Group currently has a workforce of more than
160 employees. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are
listed on the official market (Prime Standard) of the Frankfurt Stock
Exchange.
About KGAL (KG Allgemeine Leasing GmbH & Co)
KGAL has more than four decades of experience as a financial services
provider for large-scale projects. Today the company leverages its
experience and expertise to the optimal benefit of its customers in its two
divisions of 'Funds and Asset Management' and 'Corporate Solutions'. The
intention is, on the one hand, to cater professionally to the demand of
investors for future-oriented investment products and, on the other, to be
innovative in covering the growing need of the business community and the
public sector for financing. With a volume of new business of EUR 3.3
billion in 2007 and assets under management of approximately EUR 30 billion
(portfolio volume at cost of purchase), the company ranks among the high
performers and most successful companies operating in the sector. As one of
Germanys leading fund initiators, KGAL has been offering future- and
return-oriented opportunities to investors for more than 30 years. As per
31 December 2007, approximately 112,000 private and institutional investors
had entrusted the company with equity worth around EUR 9.8 billion invested
in a total of 308 funds.
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@phoenixsolar.de
www.phoenixsolar.de
Amtsgericht München HRB 129117
Ust-ID Nr. DE 812868419
DGAP 04.04.2008
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Language: English
Issuer: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Deutschland
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt@phoenixsolar.de
Internet: http://www.phoenixsolar.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Indices: TecDAX
End of News DGAP News-Service
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DGAP-News: Phoenix Solar Aktiengesellschaft: inaugurates 6.5 megawatt solar power plant
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