Phoenix Solar AG Scores Contract for 50MW Solar Park in Bulgaria

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While some of us look to the skies to place solar power arrays, others are focused on the ground: Phoenix Solar AG, listed in the Prime Standard of the Frankfurt Stock Exchange and a leading international photovoltaic systems integrator, has scored the project rights this week for a solar park with a peak performance of 50 MW (megawatt) in Kazanlak, Bulgaria.

Phoenix Solar AG has been trying to get the rights to build the solar park for the last two years; project development negotiations have been ongoing since October of 2009. Phoenix’s goal is to position itself as an important player in the international photovoltaic market, and with the Kazanlak project — its biggest to date — it’s well on its way.

The solar park will comprise 10 separate facilities covering a total of 282 acres of public property, with each facility capable of putting out 5 MW. The specific yield of the system in Kazanlak, according to Phoenix, is between 1300 and 1350 kWh of solar electricity per installed kW at peak performance over one year — a 30% increase over what a similar facility would net if located in Germany.  The possibilities for using that energy are nearly endless.

Phoenix currently has rights to only 20 MW, with permission to increase the volume to 50 MW once it acquires the necessary backing and pays the associated tariffs, and is currently in negotiations with several investors. Phoenix has stated that it has the necessary approval for all areas of implementing the solar park, and will start actual construction by the end of 2011.


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