Sulzemoos May 2010 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading photovoltaic system integrator listed on the German TecDAX, is currently to build three photovoltaic power plants with a peak power totalling around 21 megawatts (MWp) for KGAL GmbH & Co. KG (KGAL), a company based in Grünwald near Munich. This includes the largest solar park of 15.8 megawatts ever built by Phoenix Solar in Moos near Würzburg, as well as two other solar parks of 2.3 and 2.7 MWp respectively in the regions of Molise and Latium in Italy. The contract volume of all three solar parks comes to around EUR 55 million.
Phoenix Solar has been building photovoltaic power plants for KGAL since 2005. Under a framework agreement, signed in 2007 and extended in 2009, the two contractual parties agreed to realise solar projects with a minimum investment volume of EUR 525 million in the period from 2009 to 2012. As part of this agreement, Phoenix Solar is to develop the power plants, build them in the capacity of general contractor, and to take over the maintenance and operation of the plants. KGAL offers private and institutional investors the opportunity to benefit from sustainable solar power generation in the form of closed funds. Together with the three new solar power plants, 17 solar parks totalling 75 MWp will have been built by the end of June in Germany, Spain and Italy on behalf of KGAL.
Read More : Source : Energetica-India : International Magazine on Renewable & Conventional Power Generation | Transmission | Distribution
Phoenix Solar has been building photovoltaic power plants for KGAL since 2005. Under a framework agreement, signed in 2007 and extended in 2009, the two contractual parties agreed to realise solar projects with a minimum investment volume of EUR 525 million in the period from 2009 to 2012. As part of this agreement, Phoenix Solar is to develop the power plants, build them in the capacity of general contractor, and to take over the maintenance and operation of the plants. KGAL offers private and institutional investors the opportunity to benefit from sustainable solar power generation in the form of closed funds. Together with the three new solar power plants, 17 solar parks totalling 75 MWp will have been built by the end of June in Germany, Spain and Italy on behalf of KGAL.
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