DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s):
Contract/Miscellaneous
Phoenix Solar builds photovoltaic power plant in France
22.03.2011 / 11:01
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Phoenix Solar builds photovoltaic power plant in France
- First French project commissioned by LHI Leasing GmbH
- Largest solar park in the Haute-Loire department
Sulzemoos, 22 March 2011 / Phoenix Solar AG, a leading international
photovoltaic system integrator listed on the German TecDAX (ISIN
DE000A0BVU93), has signed an agreement with LHI Leasing GmbH (LHI) on the
turnkey construction of a solar park in France with a peak power of around
1.7 megawatts (MWp). This makes the solar power plant the largest in the
Haute-Loire department.
The solar park will be built at around 650 meters above sea level on a
surface area of approximately 4.4 hectares which is about the size of six
football pitches. An anticipated annual energy yield in excess of 2 million
kilowatt hours can supply more than 500 French households with
environmentally compatible electricity.
La Rouchouse Solar Park is the first project that Phoenix Solar has
developed with a partner in the region. More solar projects with this
project developer are at the preparation stage.
As general contractor, Phoenix Solar will be responsible for the planning,
delivery and construction of the solar park. Construction work is due to
start before the end of March, and completion has been scheduled for July.
Phoenix Solar will then 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 tariffs valid in 2010, which is 33.91 euro cent per
kilowatt hour in this region.
'We have the greatest confidence in the abilities of Phoenix Solar AG. The
company's experience of more than a decade in building large-scale
photovoltaic power plants makes it the ideal partner for us. It worked very
well in Germany and so we are pleased to be going to France together',
stated Franz Unterbichler, head of Renewable Energies at LHI.
'We are delighted that we now have the privilege of building a large-scale
photovoltaic plant for LHI in France. We made a conscious decision for the
French solar market by establishing our subsidiary in Lyon, and we will be
operating in this market in both the components and systems and the power
plant business', commented Ulrich Reidenbach, Chief Sales 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. With total revenues
of EUR 636 million, the Group achieved an EBIT of EUR 36.4 million in the
financial year 2010 - based on preliminary figures. 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.
About LHI Leasing GmbH
LHI Leasing GmbH was founded in 1973 as a leasing company for trade and
industry. The company's headquarters are located in Pullach i. Isartal,
Germany. Over the course of more than 38 years, LHI has evolved into an
investment partner for companies and investors and maintains a number of
locations in Germany as well as internationally in Poland and Luxembourg.
LHI offers private investors and corporate customers products in the asset
classes of real estate, aviation and renewable energies (solar and wind).
Along with its first mutual solar fund placed at the end of 2010, the
company has already successfully carried out a number of private placements
in the solar asset class.
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
Amtsgericht München HRB 129117
Ust-ID Nr. DE 812868419
End of Corporate News
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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
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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116377 22.03.2011
DGAP-News: Phoenix Solar builds photovoltaic power plant in France
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