DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s):
Miscellaneous
Phoenix Solar builds solar power plant in Greece
17.10.2011 / 10:00
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Phoenix Solar builds solar power plant in Greece
- Solar power plant with a peak power of 1.1 megawatts in Central Macedonia
- High feed-in tariffs make investments in Greek photovoltaic plants
lucrative
Sulzemoos 17 October 2011 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading
international photovoltaic system integrator listed in Prime Standard of
the Frankfurt Stock Exchange, announces that its Greek subsidiary Phoenix
Solar E.P.E. is building a solar power plant with a peak power of 1.1
megawatts in Kolindros in Central Macedonia. Phoenix Solar has been
commissioned by Sol Power, Production and Traiding Electricity SA, a
company founded by investors from Cyprus, as the EPC contractor responsible
for realising the solar power plant.
Phoenix Solar is in charge of the design and construction of the solar
park, as well as for the delivery of modules, inverters and components.
Construction work began in September and has already been completed. Grid
connection has been scheduled before the end of October. Over 5,600
crystalline solar modules will be producing more than 1,400 megawatt hours
of environmentally compatible electricity a year. This will supply in
excess of 450 average Greek households with electricity and avoid more than
1,600 tons of CO2 emissions a year. The feed-in tariff comes to more than
37 euro cents per kilowatt hour and is therefore significantly higher than
in Germany where it is currently 22.07 euro cents per kilowatt hour for
photovoltaic plants on conversion sites.
'Having already built the largest photovoltaic power plant in Central
Greece with a peak power of two megawatts in Douneika this year, we are
delighted to be making another contribution to promoting renewable energies
in Greece with the power plant in Kolindros. The financing by Cypriot
investors and our German know-how are the ideal preconditions for new green
investments in Greece. The country is currently searching for foreign
investors to help overcome the difficult economic situation. Photovoltaics
is an option for a profitable and secure investment', said Dr. Christos
Protogeropoulos, General Manager of Phoenix Solar in Greece.
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 operates
large-scale photovoltaic plants and is a specialist wholesaler for turnkey
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 in 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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17.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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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142436 17.10.2011
DGAP-News: Phoenix Solar builds solar power plant in Greece
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