DGAP-News: Phoenix Solar Aktiengesellschaft: Phoenix Solar Singapore extends reach to India
(firmenpresse) - DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s):
Miscellaneous
Phoenix Solar Aktiengesellschaft: Phoenix Solar Singapore extends
reach to India
29.07.2011 / 08:34
---------------------------------------------------------------------
Phoenix Solar Singapore extends reach to India
* Two contracts of one MWp each in Tamil Nadu and Gujarat states
* Increasing internationalisation
Sulzemoos, 29 July 2011 / Phoenix Solar Pte Ltd in Singapore, the Asia
Pacific subsidiary of Germany-based Phoenix Solar AG, has signed two
further contracts in the region, totalling two megawatts peak power (MWp).
India's PV market grew by 57 percent to reach approximately 69 MWp in 2010
and the government plans 20 Gigawatts of installed photovoltaic capacity by
2022. 'India is poised for expansion and offers immense market potential.
The country's high insolation (1,500 - 2,000 kWh/m²), combined with
plentiful available land, strong demand and power purchase agreements (PPA)
makes it an ideal location for solar PV', said Christophe Inglin, Managing
Director of Phoenix Solar Pte Ltd.
Phoenix Solar Singapore and local company Alectrona Energy Private Limited
have contracts to jointly supply and install a one MWp system in Tamil Nadu
for Great Shine Holdings Pvt Ltd, a subsidiary of Zynergy Projects and
Services Pvt Ltd. The system uses copper indium gallium diselenide (CIGS)
modules from MiaSolé, and SMA inverters. Approximately 9,000 modules will
cover an area of 1.8 hectares of flat land and feed over 1,600 megawatt
hours a year into the National Thermal Power Corp (NTPC) grid. This project
is funded under the Jawaharlal Nehru National Solar Mission (JNNSM), with a
PPA of INR 18.45/kWh (approx. EUR 0.29/kWh) for 25 years.
Said Mr Rohit Rabindernath, Zynergy's CEO, 'We have big plans for India's
solar sector, and we are very pleased to partner with Phoenix Solar for
this pilot project - the first of many to come'.
Phoenix Solar Singapore has also signed a one MWp contract with Chemtrols
Solar Pvt Ltd for a project in the state of Gujarat, India, using First
Solar modules and SMA inverters. This system will use over 13,000 modules
to cover 2.2 hectares. The plant will feed 1,600 megawatt hours per year
into the Gujarat Energy Transmission Corporation Limited (GETCO) grid, with
a PPA of INR 15/kWh (approx. EUR 0.24/kWh) for years 1-12, and INR 5
(approx. EUR 0.08/kWh) for years 13-25.
'We value the close collaboration with Phoenix Solar especially in the
early phases of India's PV market development. We appreciate the experience
that Phoenix Solar brings to the table', said Sharad Saxena, CEO of
Chemtrols Solar Pvt Ltd.
For Dr. Andreas Hänel, CEO of Phoenix Solar AG, this is further proof of
the growth in Asia. 'Internationalisation is a critical aspect of our
business and we are pleased that our Singapore subsidiary - after the
market entry in Malaysia last year - now successful entered both Thailand
and the Indian solar market. These first two projects in India mark a
significant first step towards an important market in our portfolio.'
Both projects are scheduled to be connected to the grid by 31 December
2011.
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 and on the TecDAX, Deutsche Börse AG's technology
index.
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(at)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
---------------------------------------------------------------------
29.07.2011 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(at)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
---------------------------------------------------------------------
133675 29.07.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.07.2011 - 02:34 Uhr
Sprache: Deutsch
News-ID 1025769
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 456 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Phoenix Solar Aktiengesellschaft: Phoenix Solar Singapore extends reach to India
"
steht unter der journalistisch-redaktionellen Verantwortung von
Phoenix Solar Aktiengesellschaft (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
