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Phoenix Solar moving in on U.S. solar market
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Phoenix Solar is planning to enter the PV project and installation market in the U.S. with a wholly owned subsidiary located in California. The major European installer noted that California in particular had favourable market incentives coupled to the size of the market and the huge potential for the large-scale project business.
Phoenix Solar recently noted that it expected revenues of between €430 and €480 million in 2009, up from revenue of €402.5 million in 2008 but down from previous guidance of €520 million.
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