20 October 2009
Phoenix Solar AG to build photovoltaic power plant in France
- E.ON Climate & Renewables to commission Phoenix Solar with the construction of a 1.5 megawatts solar park
- France to become important market for large-scale photovoltaic power plants
Sulzemoos - Phoenix Solar AG, a leading, TecDAX-listed international photovoltaic system integrator has been commissioned by E.ON Climate & Renewables GmbH to plan and build a solar power plant with a capacity of 1.5 megawatts in France. E.ON Climate & Renewables, headquartered in Düsseldorf, Germany, is responsible for the E.ON Group's global renewables and climate protection activities. Following the recent establishment of Phoenix Solar's French subsidiary, Phoenix Solar SAS, this project is an important major milestone in entering one of tomorrow's most important European photovoltaic markets.
Phoenix Solar will install the solar park near Le Lauzet in the Alpes-de-Haute-Provence region on a southern alpine slope at an altitude of 1,000 m. The company will be using crystalline solar modules spread across a four hectare site to generate some two million kilowatt hours of electricity annually. This corresponds to the annual demand of about 600 households. Construction is scheduled to start end of October. The aim is to have the solar power plant connected to the grid before the end of the year.
"We are very pleased to be building our first megawatt project in France for E.ON Climate & Renewables. This is an opportunity for us to demonstrate our expertise and our long-standing experience in building solar farms in the megawatt range also in this market, which is new to Phoenix Solar", said Dr Andreas Hänel, CEO 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, with headquarters in Sulzemoos near Munich, is a leading international photovoltaic system integrator. With total revenues of EUR 402 million, the Group achieved an EBIT of EUR 33.8 million in the financial year 2008. For 2009, the Phoenix Solar Group anticipates revenues of about EUR 520 million, generated in Germany and abroad. Phoenix Solar AG plans, builds and operates large photovoltaic plants and is a specialist wholesaler for complete power plants, solar modules and accessories. The Group is a leader in photovoltaic system technology and focuses on the consistent lowering of system costs. With a sales network throughout Germany, and subsidiaries in Spain, Italy, Greece, France, Singapore and Australia, the Group currently has a workforce of more than 250 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 TecDAX, Deutsche Börse AG’s technology index.
Sulzemoos, 20th October 2009
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