Phoenix Solar sees signs of life from large-scale PV projects

Facebook
Twitter
LinkedIn
Reddit
Email

There would seem to be signs that project finance for large-scale photovoltaic energy plants is reappearing, according to tentative comments from Phoenix Solar AG. The systems integrator noted in its first quarter financial statement that the backlog in the financing of large photovoltaic power plants appeared to be ‘easing slowly.’

Phoenix Solar also said that a number of customers had now secured funding for PV power plants with projects now under construction in the second quarter. Orders in hand had risen substantially since the start of the year, according to the company.  Phoenix Solar said that orders had risen by 121% or  €112 million to  €248 million on 31 March 2009, a 7% increase over the previous year’s quarter.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The system integrator said that its PV power plant business had been greatly impacted by the global financial crisis to date. Revenue in Q109 for this sector had declined 50.3% to just €8.2 million, compared to €16.5 million in the Q108.

However, Phoenix Solar reported that revenues for its Components & Systems segment climbed 13.5% to €28.5 million in the quarter, up from €25.1 million in the same period in 2008. Overall, revenue for the quarter was down 11.8% to €36.7 million.

Importantly, the systems integrator reiterated its revenue guidance for 2009, which was set in January, 2009. Phoenix Solar expects consolidated revenues at around €520 million for the year.

 

Read Next

June 18, 2024
US residential installer Titan Solar Power has ceased operations late last week with a note that allegedly revealed the company’s closure.
June 18, 2024
Indian solar module manufacturer Vikram Solar has signed a 393.9MW module supply agreement to supply the Khavda Solar park in the state of Gujarat.
June 18, 2024
Fraunhofer ISE has launched a project to improve tracking algorithms, using a digital twin to calculate optimised control approaches.
Premium
June 18, 2024
The two-pronged attack of vastly growing solar capacity and the shift to n-type technologies has converged to make silver a real pressure point for future solar manufacturing.
June 18, 2024
Global solar installations increased by 87% year-on-year in 2023 as China continued to dominate growth, according to SolarPower Europe.
June 18, 2024
Germany installed more than 5GW of new solar capacity in the first four months of this year, according to trade association BSW Solar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia