DGAP-News: Phoenix Solar Aktiengesellschaft: Phoenix Solar AG completes flagship project in Saudi Arabia

        Print
| Source: EQS Group AG
DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Product
Launch
Phoenix Solar Aktiengesellschaft: Phoenix Solar AG completes flagship
project in Saudi Arabia

31.01.2013 / 10:00

---------------------------------------------------------------------

Phoenix Solar AG completes flagship project in Saudi Arabia 

  - Ground-mounted solar power plant with a peak power of 3.5 megawatts
  - Power plant part of KAPSARC's LEED certification

Sulzemoos 31st January 2013 / Phoenix Solar AG (ISIN DE000A0BVU93), a
leading international photovoltaic system integrator listed in Prime
Standard of the Frankfurt Stock Exchange, has successfully taken its
flagship project in Saudi Arabia into operation. The ground-mounted
photovoltaic plant with a peak power of 3.5 megawatts is located in Riyadh
on the premises of KAPSARC (King Abdullah Petroleum Studies and Research
Center), home to the world's largest oil research facility. The solar power
plant is part of the US Green Building Council's LEED Certification
(Leadership in Energy and Environmental Design) which KAPSARC aims to
achieve. This certification is proof of compliance with the demanding
requirements and standards placed on sustainable and green building.

Over the last 20 months, Phoenix Solar has installed more than 12,000
Suntech Power crystalline modules on an area of 55,000 square meters. The
German company SMA supplied the central inverters. The expected energy
yield amounts to around 5,800 megawatt hours and is fed directly into
KAPSARC's medium voltage grid.

This project in the Saudi Arabian desert presented many challenges, as
there is little research available so far on the performance of solar power
plants in desert regions. Phoenix has developed a special solution to
accommodate the high temperatures and sand storms: the photovoltaic array
boxes, which normally stand in the field array, were placed in a well
insulated, air-conditioned inverter building. This approach considerably
improves the conditions under which the power plant can be maintained as
well as prolonging its life cycle. The engineers and technicians of Phoenix
Solar have incorporated the demanding requirements based on the Saudi
Aramco Standards into the planning, electrical work, air conditioning
technology and lighting. Saudi Aramco as the Project Management Consultant
was responsible for the whole project on behalf of KAPSARC.

'As a result of the solutions developed here, the KAPSARC photovoltaic
power plant which was built according to Saudi Aramco Engineering Standards
is currently not only the largest ground-mounted photovoltaic power plant
in Saudi Arabia but also of premium quality and customer optimised', said
Klaus Friedl, Vice President Projects and responsible at Phoenix Solar for
the Middle East.

'I am proud of what my colleagues have achieved. Everyone involved deserves
huge praise!', said Dr Andreas Hänel, Chief Executive Officer of Phoenix
Solar AG. 'Only a short while ago it was announced that Saudi Arabia plans
to install 41 gigawatts of solar power over the next 20 years. With this
top-quality flagship project, we have gained a good footing in the region',
was his pleased comment.

About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic system integrator. The Group develops,
plans, builds and operates large-scale photovoltaic plants and is a
specialist wholesaler for turnkey power plants, solar modules and
accessories. With sales operations throughout Germany and subsidiaries on
three continents, the company has sold solar modules with an output of more
than one gigawatt since its founding. The shares of Phoenix Solar AG (ISIN
DE000A0BVU93) are listed on the official market (Prime Standard) of the
Frankfurt Stock Exchange. www.phoenixsolar-group.com




Contact:
Phoenix Solar AG
Dr. Joachim Fleing
Investor Relations Representative
Hirschbergstrasse 8
85254 Sulzemoos
Germany

Tel.: +49 (0)8135 938-315
Fax:  +49 (0)8135 938-399
j.fleing@phoenixsolar.de
www.phoenixsolar-group.com


End of Corporate News

---------------------------------------------------------------------

31.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English                                                
Company:     Phoenix Solar Aktiengesellschaft                       
             Hirschbergstraße 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  
---------------------------------------------------------------------  
200217 31.01.2013