Phoenix Solar expects further growth in 2009; targets 60% thin-film installation



Despite a major fall-off in installations in the fourth quarter of 2008 due to the early onset of winter in Germany, a complete end of projects in Spain and large-scale project finance difficulties due to the financial crisis, Phoenix Solar AG posted record sales for 2008, reaching €402 million, compared to €260 million in 2007. Based on its current backlog, the PV systems integrator expects sales to reach approximately €520 million in 2009.

Phoenix Solar has experienced a CAGR of 78% since 2000 and expects to increase its business outside of Germany to more than 35% of revenues in 2009 and 50% by the end of 2010. In the long term, Phoenix Solar plans overseas sales to reach approximately 65% by the end of 2013.

A key part of the growth strategy would seem to be the emphasis on thin-film technologies. Phoenix Solar was one of the first integrators to offer thin-film modules from First Solar, which has seen its thin-film product mix grow from 21.5% of installations to 57.2% in 2008. Phoenix Solar’s thin-film product mix is expected to further increase to approximately 60% in 2009.

Thin-film technology agnostic Phoenix Solar has secured long-term supply contracts with a host of players that include start-ups such as Signet Solar (50MW, 2008-2011), which uses Applied Materials’ ‘SunFab’ technology, and Solyndra in a deal worth €450 million in the same timeframe.

The company expects power plant projects to resume growth in 2Q09 and installations to peak in 4Q09, returning to normal seasonal trends after the disruption in Spain, which caused an installation peak in 3Q08 due to feed-in tariff changes and a new MW cap being imposed.

7 December 2022
Intersolar is the world’s leading exhibition & conference series for the solar industry. As part of this event series, Intersolar India in Gujarat is India’s most pioneering exhibition and conference for India’s solar industry. It takes place annually and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. Since 2019, Intersolar India is held under the umbrella of The smarter E India – India’s innovation hub for the new energy world.
24 January 2023
Solar Quality Summit Europe January 24–25, 2023 The Solar Quality Summit Europe in Barcelona will bring together the PV industry to give an overview of market developments and recent technologies, sharing best practices in EPC, O&M, and Asset Management.
1 February 2023
Returning For Its 10th Year | Connecting Project Developers & Capital
Now in it’s 10th year, Solar Finance & Investment Europe is the meeting place for solar developers, asset managers, investors & financiers to learn the latest business models for project finance, re-financing, power purchase agreements as well secondary markets for PV assets. The conference also looks at latest technologies and systems for maximising power output and efficiency, reducing losses and predictive maintenance. The 2023 edition will bring together the largest pool of capital and projects together. Reserve your space now to avoid disappointment.
14 February 2023
Intersolar North America (ISNA) and Energy Storage North America (ESNA) is the premier US-based conference and trade show focused on solar, energy storage, and EV charging infrastructure. Dedicated to accelerating the energy transition, the combined event delivers actionable education, invaluable networking, and an immersive expo hall experience.
22 February 2023
After a record breaking year at the Energy Storage Summit, join us next year at the 8th edition in 2023 where we are expanding in line with the increased opportunity across the renewable sector. As we see this continued growth of the industry through change in government policy, increased capital and a need for grid resilience in geographies with high renewable penetration, can the necessary scale be met across the value chain in order to meet net-zero goals in Europe? We will gather industry leaders across the sector to discuss a range of vital topics including the most lucrative markets for storage and what the best route to market strategy is for your storage asset, changes needed in policy and infrastructure, as well as the effects of the supply crisis, disruptive technologies and much more.
14 March 2023
PV CellTech will be return to Berlin on 14-15 March 2023 and looking at the competing technologies and roadmaps for PV cell mass production during 2024-2026.

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events