International solar PV systems integrator Phoenix Solar said that it was forced to lower its full-year revenue guidance, due to delays in securing previously expected PV power plant projects for completion in 2017. However, its project pipeline hit a new record.
German PV systems integrator Phoenix Solar has reported a return to operating profit for the first time since 2010, with earnings before interest and taxes (EBIT) at €0.6 million (US$0.64 million), up from losses of €1.6 million last year.
Phoenix Solar and Asunim Turkey bring the country's largest solar plant online, SECI opens a tender for small-scale rooftop solar, Brazil regulators investigate the value of distributed generation and I&M brings its fourth solar plant this year online.
International solar PV EPC firm Phoenix Solar expects to almost double revenue in 2016, after posting a turnaround year in 2015. The company reported revenue of €119.4 million, up 250% from the prior year.