Phoenix Solar Spain Secures Euro 20 M in Contracts
Madrid, Spain August 3, 2007
Source: RenewableEnergyAccess.com
http://www.renewableenergyaccess.com/rea/news/story?id=49537
Phoenix Solar S.L., the Spanish subsidiary of German Phoenix Solar AG, has secured contracts worth around EUR 20 million. The contracts cover the construction and turn-key completion of photovoltaic (PV) plants with a peak power of 4 megawatts (MW) in two locations in Spain. The Spanish feed-in law offers attractive framework conditions, particularly for large-scale PV plants. The feed-in tariffs for plants of a size of 100 kW up to 10 MW are currently 41.75 ct/kWh and will be paid for 25 years. After this period, the feed-in tariff will be 80 % of what it was before.
Phoenix Solar has already completed a one MW plant using the solar modules of First Solar in Jumilla (Murcia), which has been feeding into the public grid since the end of July. Nemesis Desarrollo S.L., the customer with headquarters in Pinoso, Alicante, has now placed orders for two more megawatts on the same site. The follow-up contract for 2 MW will be constructed for the first time under the new Spanish feed-in law, which means that categorization into plant sizes each of 100 kilowatt (kW) maximum has been abolished. The plant will be built in four 500 kW units.
Phoenix Solar is to undertake construction of another megawatt project for Madrid-based Sun Fund 5 S.L. The company is to build a plant with crystalline modules on a site of around 3 hectares in Alco lea de Tajo (Toledo). Spain is currently Europe’s second largest solar market, second to Germany, and might well overtake the U.S. as the world’s third-largest market this year. The expectations placed on the Spanish market in 2007 come to more than 200 MW according to information from different sources.
The Spanish feed-in law offers attractive framework conditions, particularly for large-scale PV plants. The feed-in tariffs for plants of a size of 100 kW up to 10 MW are currently 41.75 ct/kWh and will be paid for 25 years. After this period, the feed-in tariff will be 80 % of what it was before. Along with the 6.5 MW La Solana project and the new contracts, the Spanish market has developed into the Phoenix Group’s most important foreign solar market in 2007.