Phoenix Solar Aktiengesellschaft / Contract
27.04.2010 07:02
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Phoenix Solar AG and MiaSolé sign multi-year framework agreement for the
delivery of thin film solar modules
- Modules use innovative CIGS technology
- Cost-effective thin film module broadens product portfolio
Sulzemoos 27 April 2010 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading
photovoltaic system integrator listed on the German TecDAX, has signed a
framework agreement with MiaSolé, a leading manufacturer of
copper-indium-gallium-selenide (CIGS) thin film photovoltaic solar panels
based in Santa Clara, California. The agreement, which runs until 2013,
enables Phoenix Solar to extend its product portfolio with another quality
supplier capable of highly cost-efficient manufacturing. In the context of
this agreement, Phoenix Solar has placed an order for an initial 4.5
megawatts of thin film modules from MiaSolé for delivery in the second
quarter of 2010.
MiaSolé's innovative production process applies different layers of copper,
indium, gallium and selenium on a metal foil. This substrate is divided
into cell-like sections and laminated between two hardened glass plates.
The frameless glass-glass module can be used for roofs as well as for
ground-mounted systems and can withstand high wind and snow loads. The
innovative production process allows for almost all module shapes to be
manufactured, which increases the potential for saving costs on the balance
of systems equipment.
In the laboratory CIGS technology has already achieved the highest
conversion efficiency amongst all commercial thin film technologies. The
current conversion efficiency of the MiaSolé module is 10.5 percent, with
higher efficiency product to be shipped at the end of 2010.
The framework agreement also includes a recycling warranty where required
by regulation or financing: At the end of the lifetime of the solar modules
the customer has the option of having them taken away by MiaSolé and
recycled or reconditioned.
'Phoenix Solar has always sought to lead the field in innovations in all
aspects of system integration from the module, through balance of system to
operation & maintenance services. We welcome MiaSolé to our group of
strategic suppliers with whom we work closely to extract maximum synergy
effects as a means of continuously driving down system costs', said Manfred
Bächler, Chief Technology Officer at Phoenix Solar AG.
'We are excited to enter a long-term customer relationship with a leading
global solar player like Phoenix Solar,' said MiaSolé President and CEO
Joseph Laia. 'MiaSolé's products are among the most efficient, affordable
and reliable products available today, and we're pleased that we been
selected for this multi-year agreement.'
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 system integrator. The Group achieved
total revenues of EUR 473 million and 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, Oman and
Australia, the Group currently has a workforce of more than 300 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
TecDAX, Deutsche Börse AG's technology index.
About MiaSolé
MiaSolé is a pioneer and leading developer of Copper Indium Gallium
Selenide (CIGS) thin film photovoltaic solar panels, one of the
lowest-cost, highest efficiency solar panels in the world. MiaSolé's
primary mission is to advance the extraordinary potential for harnessing
solar power as a competitive, sustainable energy source and enable grid
parity by 2012. Based in California, MiaSolé currently operates two
manufacturing facilities with plans to open a third facility in 2011. Learn
more at www.miasole.com.
Contact:
Phoenix Solar AG
Anka Leiner
Investor Relations
HirschbergstraÃe 8
D-85254 Sulzemoos
Tel. +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner@phoenixsolar.de
www.phoenixsolar.de
Local Court of Munich HRB 129117
Board of Directors: Dr. Andreas Hänel (CEO), Manfred Bächler, Dr. Murray
Cameron, Sabine Kauper, Ulrich Reidenbach
Head of Supervisory Board: J. Michael Fischl
27.04.2010 07:02 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Phoenix Solar Aktiengesellschaft
HirschbergstraÃe 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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, München, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-News: Phoenix Solar Aktiengesellschaft and MiaSolé sign multi-year framework agreement for the delivery of thin film solar modules
| Source: EQS Group AG