DGAP-News 673 0 Kommentare Phoenix Solar Aktiengesellschaft: Singapore companies help pump 'green energy' into Thai electrical grid

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Phoenix Solar Aktiengesellschaft: Singapore companies help pump 'green
energy' into Thai electrical grid

30.07.2014 / 09:00

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Singapore companies help pump 'green energy' into Thai electrical grid

- One of the first large rooftops to supply energy under Thailand's Feed
in Tariff Scheme

Singapore and Sulzemoos, Germany, 30 July 2014 / Ikano Pte Ltd, the owner
of Singapore's IKEA stores, and Phoenix Solar Pte Ltd, the Singapore based
subsidiary of Phoenix Solar AG (ISIN DE000A0BVU93), an international
photovoltaic system integrator that is listed on the Prime Standard of the
Frankfurt Stock Exchange, have joined forces to pump green electricity from
the rooftop of a Bangkok megamall into the Thai electrical grid.

Megabangna, the spacious Bangkok mall that is home to Southeast Asia's
largest IKEA store, has become one of the first large commercial
enterprises in Thailand to feed electricity into the city grid under the
feed in tariff solar rooftop program launched by the Thai government last
year.

Megabangna is a joint venture owned by Thailand's Siam Future Development
PLC and Ikano, which owns and operates IKEA stores in Thailand, Malaysia
and Singapore. Phoenix Solar, an international solar systems integrator
with regional headquarters in Singapore, was appointed to engineer, procure
and build a rooftop PV system that includes almost 4'000 REC panels and
covers 8'000 sqm of the mall's sprawling rooftop.

The 999Kwp system is expected to generate enough "green" energy to power at
least 200 standard homes in Thailand. The same amount of electricity
generated by a gas-fired power station would send 716,000 kgs of CO2
emissions each year.
Phoenix Solar worked with its local partner in Thailand, Process
Engineering Services Co Ltd to install the rooftop system within two
months.

Contact:
Phoenix Solar AG
Dr. Joachim Fleing
Investor Relations Representative
Tel.: +49 (0)8135 938-315
Fax: +49 (0)8135 938-399
j.fleing@phoenixsolar.de
www.phoenixsolar-group.com

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30.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Germany
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt@phoenixsolar.de
Internet: www.phoenixsolar-group.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart

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