Phoenix Solar AG (PS4.DE) announced plans for three new solar projects in the swiftly growing Spanish market.
The largest is a joint venter with KGAL (KGAllgemeine Leasing GmbH & Co.) for a 5 megawatt (MW) solar park in San Clemente in the Province of Castilla La Mancha.
Phoenix Solar will plan and build a solar power plant to be completed and transferred to KGAL by July 2008. The plant will be constructed using thin-film modules from First Solar. The financing, similar to four previous projects, will be provided by a public solar fund launched by the initiator KGAL.
In addition, the Spanish subsidiary of Phoenix Solar AG, Phoenix Solar S. L., is set to build a ground-mounted power plant for the first time on a Spanish island. This project – with a peak output of 1.2 MW – is expected to be completed in July 2008 on the island of Mallorca and will also employ First Solar thin-film modules.
Another PV plant with an output of 700 kilowatts also with thin-film modules from First Solar, is to be built in the Province of Castilla La Mancha and to be completed by July 2008.
By the end of January, registered photovoltaic plants feeding into the Spanish electricity grid came to around 624 MW, 452 MW of which are already being compensated via the Spanish law onfeed-in tariffs. This figure is increasing by an average of 38 MW of new solar electricity systems per month, according to a Phoenix Solar release.
About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters near Munich, plans, builds and operates large photovoltaic plants and is a specialist wholesaler for complete powerplants, solar modules and accessories.
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