Phoenix Solar completes Greek PV project

The company was commissioned as an EPC contractor by Sol Power, Production and Traiding Electricity SA to install the system in Kolindros. It also supplied the 5,600 photovoltaic modules, and inverters and components.

Construction on the system began in September, and grid connection is scheduled for the end of this month. A feed-in tariff of 37 euro cents per kilowatt hour will be received.

Overall, the park is expected to generate over 1,400 MW hours of energy annually, which should be enough to supply 450 households.

"The financing by Cypriot investors and our German know-how are the ideal preconditions for new green investments in Greece," commented Christos Protogeropoulos, general manager of Phoenix Solar Greece.

He added: "The country is currently searching for foreign investors to help overcome the difficult economic situation. Photovoltaics is an option for a profitable and secure investment."