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Phoenix Solar sees €150 million boost to solar project funding
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Investment fund KG Allgemeine Leasing (KGAL) has extended and increased its solar project dealings with Phoenix Solar, which will see a minimum of an extra €150 million allocated to PV projects that Phoenix Solar undertakes as a project manager for the fund. Phoenix Solar said that the minimum contractual volume now amounted to €525 million through 2012.
“Phoenix Solar delivers convincing performance by maintaining consistently high quality, from project development through to final implementation and ongoing operations and maintenance,” noted Dr. Klaus Wolf, member of KGAL’s Board of Directors. “In Phoenix Solar we have found a partner that is able to stabilise the profitability of a plant through its asset know-how and give our investors a strong financial return.”
“We have strengthened our long-standing and successful cooperation in the power plant business with KGAL by renewing and raising the volume of our agreement”, commented Dr. Andreas Hänel, Chief Executive Officer of Phoenix Solar, continuing,
Phoenix Solar and KGAL have collaborated since 2005 with approximately 40MW deployed.
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