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Phoenix Solar AG to build >10 Megawattphotovoltaic power plants in Germany

Sulzemoos, 26 May 2009
Source: Phoenix Solar press release

In the past few weeks, Phoenix Solar AG, a leading photovoltaic system integrator listed on the TecDAX, started construction work on three photovoltaic power plants in Türkenfeld, Hohenzell and Malching, all located in the District of Fürstenfeldbruck. The financing of the first two power plants has been secured through Sparkasse Fürstenfeldbruck, and the solar plant in Malching will be financed by a major German bank.  Upon its completion in June 2009, the Türkenfeld power plant, with a peak output of more than three megawatts (MWp), will supply around 900 households with environmentally compatible electricity. The Malching power plant with 4.7 MWp will supply more than 1,300 households and the ground-mounted power plant in Hohenzell with 2.7 MWp around 750 households. With these three solar parks the District of Fürstenfeldbruck will have come a good bit closer to achieving its goal of generating 100 percent of its energy supply from renewable energy sources by 2030.

Investors of the Türkenfeld and Hohenzell power plants are Solarpark Türkenfeld GmbH & Co. KG and Solarpark Hohenzell GmbH & Co. KG respectively. They are made up of a group of private investors for whom Phoenix Solar had already built a ground-mounted megawatt power plant back in 2006.

The owner of the 4.7 MWp power plant in Malching is an investment company of KG Allgemeine Leasing (KGAL). There has been close cooperation between KGAL and Phoenix Solar since 2005. As part of this successful cooperation, Phoenix Solar has to date built solar parks for KGAL with a volume of approximately 33 MWp.