Phoenix Solar AG builds solar park in Brandenburg with peak power of 18 MW in its final form

SULZEMOOS, GERMANY: Phoenix Solar AG, a leading photovoltaic system integrator listed on the German TecDAX, has built a photovoltaic power plant with a peak power of 14.4 megawatts (MWp) for Hamburg-based LUXCARA Asset Management GmbH, to be ramped up to 18 MWp in a second construction phase.

The first 14.4 MWp have been connected to the grid of the utility company envia on 30 June 2010. The power plant is located in Senftenberg in Brandenburg on the site of a former opencast mining area. As the building plan for the project had been legally finalised before the cut-off date of 25 March 2010, the second construction phase can be carried out in the second half of 2010 and is thus not subject to the additional feed-in tariff cut.

LUXCARA Asset Management GmbH is a Hamburg-based asset management company specialised in renewable energies infrastructure investments. The company acts in an advisory capacity to LUXCARA S.A., SICAV-FIS, a Luxembourg investment fund. LUXCARA stands for innovative investment solutions in the field of renewable energies, with a special focus on photovoltaics.

Around 186,000 First Solar thin-film modules were used for the 14.4 MWp in the first construction phase. The planned extension to 18 MWp is to be carried out in the third quarter of 2010. The total number of solar modules installed will then come to around 240,000 on a surface area of approximately 63 hectares.