Phoenix Solar will develop and build PV power plants in its capacity as general contractor, as well as undertaking the operation, maintenance and repair of these plants on a long-term basis on behalf of KGAL located in Gruenwald near Munich. The target markets for the construction of the power plants are Germany, southern and eastern Europe and, in the future, further countries with suitable economic conditions for PV systems. “We have strengthened our long-standing and successful cooperation in the power plant business with KGAL by renewing and raising the volume of our agreement”, was the delighted comment of Andreas Hänel, chief executive officer of Phoenix Solar, continuing, ”In our target markets we see great potential for Phoenix Solar and photovoltaics”.
Klaus Wolf, member of KGAL’s board of directors added: “ Phoenix Solar delivers convincing performance by maintaining consistently high quality, from project development through to final implementation and ongoing operations and maintenance. In Phoenix Solar we have found a partner that is able to stabilise the profitability of a plant through its asset know-how and give our investors a strong financial return.”
