Phoenix Solar AG’s wholly-owned subsidiary Phoenix Solar Energy Investments AG has extended its project development agreement with Trier-based Bürgerservice GmbH for a further two years. The agreement, which was finalised at Intersolar in Munich at the end of May, will see the construction of PV power plants with a volume worth approximately €100 million in 2010 and 2011.
Bürgerservice will develop the projects in the Trier region of Germany and in France, to be offered exclusively to Phoenix Solar. Phoenix will, following acceptance of the projects, offer the solar parks to financial investors and will build the plants in the capacity of general contractor, as well as acting as the site operators. Bürgerservice will be responsible for site maintenance and local technical support.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
This extension of the agreement builds on the companies’ existing plan, which has led to the construction of approximately 15MW since the initial agreement was signed in February 2008. The original agreement was for a volume of approximately €100 million to run from February 2008 until December 31, 2009.