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Phono Solar finish investment and construction of 1MW Solar Plant in Italy

02-28-2011 12:47 PM CET | Energy & Environment

Press release from: PhonoSolar

Phono Solar Technology Co., Ltd., the world’s leading manufacturer of crystalline silicon photovoltaic (PV) modules, today announced it will complete a 1MW solar power plant in Marche, Italy. As the investor, PhonoSolar also holds the majority share of the project and it is the first self-invested solar power plant. Phono Solar is also supplying high quality solar modules and providing EPC solution service of this plant.

The Servigliano solar plant, located approximately 1 hour south of Fermo province, which is targeted to be completed by the end of February, will be powered by more than 5,230 Phono Solar panels and is projected to generate approximately 27 million kWhs of electricity over the 20-year subsidized period to display almost 26,000 tons of carbon emissions. The grid connection will be done in mid May at Preventivo ENEL and STMD.

Phono Solar’s Chairman and CEO Mr.Cai Jibo stated, “Phono Solar is firmly committed to paving the course for environmental protection and renewable energy development. We applaud the successful investment and installation of the first self-invested solar plant project in Italy. We are delighted that Phono Solar achieved this landmark achievement. Phono Solar will continue to work on project investment and development in Italy as well as in other European countries as PV installations continue to expand in the region.”

Mr.Cai continued, “As a leading solar module manufacturer, our financing capability and complete EPC solution also presents a clear value proposition to prospective customers and we expect to rapidly gain traction on projects beyond our current module sales pipeline.”

The project will be the first to be initiated through Phono Solar’s own investment. It presents a good beginning of developing downstream industry chain. Phono Solar will focus on developing utility-scale and commercial solar projects based on its strong financing background in future.

About Phono Solar

Phono Solar belongs to SUMEC Group Corporation, which has over thirty years of history and turnovers exceeding 3 billion euro. Years of solid financial performance and good faith cooperation have lead to SUMEC Group’s ability to draw upon a EUR 3.3B line of credit. The availability to provide credit gives our partners and customers a strong sense of security when working with Phono Solar.

Phono Solar has a worldwide network, owns subsidiaries in Germany, Switzerland, UK and USA. It is a well recognized manufacturer of high quality modules and a partner of the largest photovoltaic projects in Europe, and also involved in research, development and product design and in the preparation and implementation of PV projects.

For more information, please contact:

Li Rongkun
Operation Management Director
Phono Solar Technology Co., Ltd.
Tel: +86-25-5863-8240
Email: Lirk@sumec.com.cn

Phono Technologies Switzerland is a supplier of PhonoSolar and PhonoWind products of high quality and excellent prices. What Phono Technologies Switzerland also offers to its clients is an ideal connection of benefits and advantages produced by close cooperation between European and Asian partners.

PhonoTechnologies Switzerland AG
Sandgrube 29
CH-9050 Appenzell
Switzerland

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