Phoenix Solar divests power plant businesses in Germany - founding director Dr. H

Sulzemoos, Germany - Phoenix Solar AG, a photovoltaic system integrator has decided to part company with a number of loss making operations due to the fact that the market environment raises severe doubts about their recovery in the near term.

The components & systems and the power plant businesses in Germany will be divested. In addition to the components & systems and power plant activities of the aforementioned international subsidiaries, the profitable operations & maintenance unit, as well as the development of new business models for the project and distribution businesses, will remain an important focus of the company moving forward. Dr. Andreas H

Source: IWR Online, 12 Feb 2013