Phoenix Solar AG Builds a Solar Park in Greece

Source: www.gulfoilandgas.com 12/9/2010, Location: Europe

Phoenix Solar E.P.E., the Greek subsidiary of Phoenix Solar AG, an international photovoltaic system integrator listed on the German TecDAX, has signed its largest contract to date for the construction of a grid-connected photovoltaic plant. Phoenix Solar is to build a solar power plant with a peak power of two megawatts in the vicinity of Nafpaktos in central Greece for Douneika Energy EE, a group of Greek investors. The project was developed by the investors with the assistance of Athens-based Phoenix Solar E.P.E., and is financed by a Greek bank. Construction work is already under way.

Douneika Solar Park is being built using crystalline modules on around six hectares of hilly terrain. With a solar irradiation of 1,580 kWh/square meter, the investors are anticipating an annual energy yield of 2.9 million kilowatt hours.

“The solar market in Greece will come to around 110 megawatts in 2010, with the majority of the capacity in medium size systems”, stated Dr Christos Protogeropoulos, General Manager of Phoenix Solar E.P.E. “In 2011, we estimate that the Greek solar market will grow to a volume of some 200 megawatts. Our intention is to contribute to boosting this growth in the years ahead. To this end, we will be drawing on our project pipeline with solar projects in the double-digit megawatt range. The legal framework conditions here in Greece are stable and, in the meantime, German as well as Greek banks have financed photovoltaic projects in Greece.”


Angola >>  5/20/2022 - Solenova, a joint venture equally owned by Eni and Sonangol for the development of renewable energy projects, has lain the first stone of what will be...
Japan >>  5/17/2022 - Canadian Solar Inc. announced that its wholly-owned subsidiary Canadian Solar Projects K.K. together with its owned special purpose vehicles (SPVs), t...

United States >>  5/17/2022 - First Solar, Inc. has signed an agreement with Scout Clean Energy to supply 378 megawatts (MW)DC of advanced, responsibly-produced thin film photovolt...
India >>  5/16/2022 - Tata Power Solar, one of India’s largest integrated solar companies and a wholly owned subsidiary of Tata Power, bagged an order of 300MW Solar projec...

United States >>  5/11/2022 - PowerPay, a financial technology company that provides consumer lending for home improvements and elective healthcare, is announcing the launch of a s...
Egypt >>  5/9/2022 - - EBRD to lend up to US$ 4.8 million to Intro Sustainable Resources and Intro Solar S.A.E.
- Funds to finance investments in small-scale green ...


Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.