Phoenix Solar Extends Cooperation with Bürgerservice Trier

Bürgerservice's task in this cooperation is to develop large photovoltaic projects initially in Germany, with the focus on Trier and its environs, and in France. The projects, developed through to the construction commencement stage, are to be offered exclusively to Phoenix Solar. Upon successful acceptance, Phoenix Solar will offer the solar parks to financial investors and build them in its capacity as general contractor.

Once they have been commissioned, Phoenix Solar will take over the operation and remote monitoring of the plants for the buyer. Bürgerservice will be responsible for site maintenance and local technical support. Phoenix Solar and Bürgerservice have already successfully completed a number of projects.

In February 2008, the two contractual partners signed their first cooperation agreement on the project development of large photovoltaic projects similarly with a value of approximately EUR 100 million and a term until 31 December 2009. To date, this agreement has resulted in solar parks with a peak output of around 15 megawatts built by Phoenix Solar.