DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s):
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Phoenix Solar USA builds 1.4 megawatt solar plant in Tennessee
18.11.2011 / 09:20
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Phoenix Solar USA builds 1.4 megawatt solar plant in Tennessee
- Strategic alliance with Silicon Ranch Corporation
- Solar plant is centerpiece of a planned 'Pulaski Energy Park'
Sulzemoos, 18 November 2011 / Phoenix Solar AG (ISIN DE000A0BVU93), a
leading photovoltaic system integrator listed in Prime Standard of the
Frankfurt Stock Exchange, today announced, that the US subsidiary of the
company, Phoenix Solar Inc., built a strategic alliance with Silicon Ranch
Corporation to develop and construct solar photovoltaic power plants in
Tennessee and the Southeast. The companies said their first 1.4 megawatt
project in the city of Pulaski, Tennessee will be the largest privately
owned solar installation in the state. Phoenix Solar, with support from
Chapel Electric, has begun construction on the Pulaski solar plant.
Phoenix Solar will also provide long-term Operation and Maintenance support
to monitor and optimize the plant's ongoing energy production.
The ground-mount solar power project is the centerpiece of a plan by
Silicon Ranch to develop the 'Pulaski Energy Park,' which in addition to
the operating power plant will also include a solar training campus
consisting of administrative, classroom and service buildings. To build the
'Pulaski Energy Park,' Silicon Ranch has acquired ten hectare at the
Pulaski Industrial Park.
Matthew Kisber, Silicon Ranch President and CEO, said, 'Developing a solar
facility in Pulaski will bring tremendous economic, environmental and
social advantages to the region. Our intent is to provide low-cost solar
energy with a focus on creating green jobs and increasing capital
investments in clean energy here in our state.'
Reagan Farr, Silicon Ranch Vice Chairman and Chief Operating Officer, said,
'Silicon Ranch selected Phoenix Solar as a joint development partner
because of its reputation for world-class design and engineering as well as
its impressive track record of building and operating solar plants around
the globe. We have already benefited from this experience on the Pulaski
plant, through Phoenix Solar's comprehensive and thorough engineering,
design and construction approach.'
Paul J. Caudill, CEO and President of Phoenix Solar Inc. said, 'Silicon
Ranch is helping speed the adoption of solar power in Tennessee, and we are
proud to be their partner.'
Dr. Andreas Hänel, Chief Executive Officer of Phoenix Solar AG, commented
as follows: 'As part of the process of internationalising our business we
made the decision back in 2010 to found a subsidiary in the US. This is now
bearing the first fruits in our cooperation with Silicon Ranch. The US is
set to become the world's largest photovoltaic market in the years ahead.
There are already signs of more large projects which we will be able to
realise through our team in the US in the customary quality.'
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. 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.
Contact:
Phoenix Solar AG
Jutta Stolp
Hirschbergstrasse 8
85254 Sulzemoos
Germany
Tel.: +49 (0)8135 938-315
Fax: +49 (0)8135 938-399
j.stolp@phoenixsolar.de
www.phoenixsolar-group.com
Local Court of Munich HRB 129117
Ust-ID Nr. DE 812868419
Board of Directors: Dr. Andreas Hänel (CEO), Dr. Murray Cameron, Sabine
Kauper, Ulrich Reidenbach
Head of Supervisory Board: J. Michael Fischl
End of Corporate News
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Language: English
Company: Phoenix Solar Aktiengesellschaft
HirschbergstraÃe 8
85254 Sulzemoos
Germany
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt@phoenixsolar.de
Internet: www.phoenixsolar-group.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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146900 18.11.2011
DGAP-News: Phoenix Solar USA builds 1.4 megawatt solar plant in Tennessee
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