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Press release of Phoenix Solar, 22nd March 2011


Phoenix Solar builds photovoltaic power plant in France

  •  First French project commissioned by LHI Leasing GmbH
  •  Largest solar park in the Haute-Loire department

Sulzemoos, 22 March 2011 / Phoenix Solar AG, a leading international photovoltaic system integrator listed on the German TecDAX (ISIN DE000A0BVU93), has signed an agreement with LHI Leasing GmbH (LHI) on the turnkey construction of a solar park in France with a peak power of around
1.7 megawatts (MWp). This makes the solar power plant the largest in the Haute-Loire department.

The solar park will be built at around 650 meters above sea level on a surface area of approximately 4.4 hectares which is about the size of six football pitches. An anticipated annual energy yield in excess of 2 million kilowatt hours can supply more than 500 French households with environmentally compatible electricity.

La Rouchouse Solar Park is the first project that Phoenix Solar has developed with a partner in the region. More solar projects with this project developer are at the preparation stage.

As general contractor, Phoenix Solar will be responsible for the planning, delivery and construction of the solar park. Construction work is due to start before the end of March, and completion has been scheduled for July.
Phoenix Solar will then take over the maintenance and operation of the power plant.

As all the necessary official approvals had been secured at an early stage, electricity fed into the grid will be compensated by energy utility EDF based on the feed-in tariffs valid in 2010, which is 33.91 euro cent per kilowatt hour in this region.

“We have the greatest confidence in the abilities of Phoenix Solar AG. The company’s experience of more than a decade in building large-scale photovoltaic power plants makes it the ideal partner for us. It worked very well in Germany and so we are pleased to be going to France together”, stated Franz Unterbichler, head of Renewable Energies at LHI.

 

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