Phoenix Solar Aktiengesellschaft / Agreement
19.05.2010 07:46
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Phoenix Solar AG to build three solar parks totalling around 21 megawatts
in Italy and Germany for KGAL
- Phoenix Solar AG's largest photovoltaic power plant to date of
15.8 megawatts
- Two solar parks of 5 megawatts in total in Italy
- Contract volume of approximately EUR 55 million
Sulzemoos 19 May 2010 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading
photovoltaic system integrator listed on the German TecDAX, is currently to
build three photovoltaic power plants with a peak power totalling around 21
megawatts (MWp) for KGAL GmbH & Co. KG (KGAL), a company based in Grünwald
near Munich. This includes the largest solar park of 15.8 megawatts ever
built by Phoenix Solar in Moos near Würzburg, as well as two other solar
parks of 2.3 and 2.7 MWp respectively in the regions of Molise and Latium
in Italy. The contract volume of all three solar parks comes to around EUR
55 million.
Phoenix Solar has been building photovoltaic power plants for KGAL since
2005. Under a framework agreement, signed in 2007 and extended in 2009, the
two contractual parties agreed to realise solar projects with a minimum
investment volume of EUR 525 million in the period from 2009 to 2012. As
part of this agreement, Phoenix Solar is to develop the power plants, build
them in the capacity of general contractor, and to take over the
maintenance and operation of the plants. KGAL offers private and
institutional investors the opportunity to benefit from sustainable solar
power generation in the form of closed funds. Together with the three new
solar power plants, 17 solar parks totalling 75 MWp will have been built by
the end of June in Germany, Spain and Italy on behalf of KGAL.
Construction activities on the solar park in Moos have already commenced.
Around 160,000 thin-film modules from different manufacturers will be used.
The solar park is to be connected to the high-voltage grid of EnBW. In
order to guarantee the connection, Phoenix Solar has invested in the
operator of the requisite substation. The solar park and the substation
are to be taken into operation before 30 June 2010.
Construction work on the two Italian projects in Montalto (Latium region)
and Guglionesi (Molise region) has also already begun. Phoenix Solar's own
crystalline PHX modules are to be used for both solar parks. A total of 5
MWp is also to be connected to the grid by the end of June 2010. Both
projects are the first to be built by Phoenix Solar for KGAL in Italy.
Phoenix Solar is general contractor for all three projects and, upon
completion, will take over the operation and maintenance.
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, 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.
Contact:
Phoenix Solar AG
Anka Leiner
Investor Relations
HirschbergstraÃe 8
D-85254 Sulzemoos
Fon: +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner@phoenixsolar.de
www.phoenixsolar.de
Local Court of Munich HRB 129117
Ust-ID Nr. DE 812868419
Board of Directors: Dr. Andreas Hänel (CEO), Manfred Bächler, Dr. Murray
Cameron, Sabine Kauper, Ulrich Reidenbach Head of Supervisory Board: J.
Michael Fischl
19.05.2010 07:46 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|]]]|]
---------------------------------------------------------------------------
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, München (m:access), Hannover, Düsseldorf,
Stuttgart, Hamburg
End of News DGAP News-Service
---------------------------------------------------------------------------
DGAP-News: Phoenix Solar AG to build three solar parks totalling around 21 megawatts in Italy and Germany for KGAL
| Source: EQS Group AG