GREECE: Phoenix Solar AG signed a general contractor agreement with a UK-based company for the construction of a photovoltaic (PV) plant in Greece with a peak power output of 952 kW. Construction work on the plant is due to begin soon and finish before the end of the year.
The project site is on mainland Greece not far from Thessaloniki. A project developer based in Cyprus is responsible for developing the project through obtaining all the necessary approvals. Phoenix Solar is to plan and build the power plant and turn it over upon full completion.
The demand for grid-connected large-scale photovoltaic plants is very high in Greece. Due to the complex and protracted approval procedure, no grid connected photovoltaic plants of over 100 kW peak power output have been built so far. Upon completion, Phoenix Solar's 1 MW power plant will be Greece's largest grid-connected PV plant.
Phoenix Solar AG has been working for two years on its market entry into Greece. This 1 MW project and the framework agreement signed last month on project development for 25 MW of PV power have secured the company an excellent starting point for developing business in the Greek solar market.