German renewables firm ib vogt has started constructing a 166.5MW portfolio of solar projects in the Benban Solar Park, which were awarded under the second round of Egypt’s Feed-in Tariff (FiT) programme.
International solar PV systems integrator Phoenix Solar has announced that its CEO, Tim P. Ryan is set to leave the company in the next few days, only around a month after the company entered insolvency proceedings in Germany.
International solar PV systems integrator Phoenix Solar has announced plans to enter insolvency proceedings due to US$ 8.0 million reimbursement claim by a US customer.
International solar PV systems integrator Phoenix Solar has lowered its full-year revenue guidance a second time but added a profit warning as delays in project approvals increase due to the US ITC ‘Section 201’ trade case creating market uncertainty.
International solar PV systems integrator Phoenix Solar said that it was forced to lower its full-year revenue guidance, due to delays in securing previously expected PV power plant projects for completion in 2017. However, its project pipeline hit a new record.
Phoenix Solar will design and procure a 39.5MW project near Perth, West Australia, as part of a new joint venture and a renewed push in the Asia-Pacific region.
German PV systems integrator Phoenix Solar has reported a return to operating profit for the first time since 2010, with earnings before interest and taxes (EBIT) at €0.6 million (US$0.64 million), up from losses of €1.6 million last year.
Phoenix Solar, a German international PV systems integrator, has established a subsidiary in Turkey in a new strategy to be close to its Middle Eastern customers.
