3 MW photovoltaic solar energy project in Longuich, Germany

from www.solarbuzz.com

Phoenix Solar AG is to build a solar electricity plant for the first time for British investor, Consensus Business Group (CBG) - the London-based direct investor - with a peak power output of 3 megawatt (MW). The site chosen for the plant is Longuich near Trier in Germany.

“In our view, renewable energies are an extremely high-growth market, and we have already invested more than $500 million in our technology program. More funds totalling an annual $250 million are to follow. We are delighted that such a reputable company as Phoenix Solar AG is to partner us in the 3 MW photovoltaic project in Longuich. We intend to realize more projects together with Phoenix Solar AG in the future as well", commented Vincent Tchenguiz, Chairman of CBG.

Bürgerservice GmbH, a company located in Trier, had already had the idea of constructing a photovoltaic plant in Longuich more than a year ago. It developed the project which has now been handed over to the investor. The owner of the surface area which comes to 13 hectares is the Municipality of Longuich which has leased the land to CBG for a period of 25 years.

Phoenix Solar will use its tried-and-tested assembly system to construct the power plant with more than 45,000 thin-film modules made by the manufacturer First Solar. The advantages of thin-film technology are its lower system costs and a higher energy yield. The Longuich plant is to generate more than 3 million kilowatt hours a year which will cover the annual needs of around 1,000 households with environmentally compatible electricity.

“Crucial to the growth of the global photovoltaic market is the fact that foreign investors have meanwhile also acknowledged the high potential of photovoltaics and are now investing in solar electricity plants. The demand of major investors for photovoltaic plants in Spain, Italy and Germany currently outstrips the availability of profitable locations”, stated Dr. Andreas Hänel, CEO of Phoenix Solar AG.