Phoenix Solar Connects First Part of 18 MW PV Project

Phoenix Solar AG has built a photovoltaic power plant with a capacity of 14.4 megawatts for LUXCARA Asset Management GmbH. The system will be expanded to 18 MW in a second construction phase. The first 14.4 MW was connected to the electricity grid this week.

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 finalized before the cut-off date of March 25 2010, the second construction phase can be carried out in the second half of 2010 and is not subject to the additional feed-in tariff cut, Phoenix Solar said.

Around 186,000 First Solar thin-film modules were used for the 14.4 MW in the first construction phase. The planned extension to 18 MW 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.

LUXCARA Asset Management GmbH is a Hamburg-based asset management company specialized in renewable energy infrastructure investments. The company acts in an advisory capacity to LUXCARA S.A., SICAV-FIS, a Luxembourg investment fund.

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