Phoenix Solar announces Regional Headquarters Award in Singapore

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Singapore, 2 November 2011 / Singapore-based Phoenix Solar Pte Ltd (Phoenix Solar), the Asia Pacific subsidiary of Germany-based Phoenix Solar AG, today announced the receipt of Regional Headquarters (RHQ) status in Singapore.

The RHQ status was awarded by the Singapore Economic Development Board (EDB), and this is the Phoenix Solar Group’s first regional headquarters operation outside Germany.

The announcement was made at the Marina Bay Sands Singapore Convention and Exhibition Center in conjunction with the 4th Singapore International Energy Week and as Phoenix Solar celebrates its 5th anniversary in Singapore.

“Phoenix Solar chose Singapore for its excellent connectivity in the region, capable workforce, strong infrastructure and stable political climate,” said Christophe Inglin, Managing Director of Phoenix Solar Singapore. “It also has extensive academic and R&D capabilities, creating platforms for innovation and opportunities to test creative new concepts in the market.”

The solar PV market in Asia is projected to experience double-digit growth rates over the coming decade. This will be driven mainly by increasing energy demand and economic growth, high consumer and political awareness of PV, coupled with proactive government policies. In India alone, the PV market grew 57% in 2010 with further expansion plans to 2022.

“We warmly welcome Phoenix Solar’s decision to establish its Asia Pacific headquarters in Singapore,” said Mr Yeoh Keat Chuan, Assistant Managing Director of the EDB. “This project is an exciting addition to the fast growing clean energy ecosystem here, and affirms Singapore as the choice location in Asia for companies to undertake system integration and project development activities.”

Phoenix Solar Singapore’s regional growth is on track and in tandem with Asian growth trends. It recently completed a 207kWp car park canopy in the Philippines. Phoenix Solar is constructing two power plants in Thailand of 9.7MWp and 6.2MWp, and has acquired three further projects amounting to 7.3MWp in India.

“We are proud of the success of our subsidiary in Singapore”, said Murray Cameron, Chief Operating Officer of Phoenix Solar AG. “We see Asia as a critical element in the group’s growth story, and the experienced and capable team we have here is well positioned to leverage on the developments in the region”.

The deployment of solar technology will result in multiple benefits for Asian economies. These include the reduced dependence on conventional energy sources such as fossil fuels, ultimately leading to the reduction of greenhouse gases. Installing solar energy systems also creates local jobs, thus stimulating Asian economies.

About Phoenix Solar Pte Ltd
Phoenix Solar Pte Ltd (Phoenix Solar), Singapore is the Asia headquarters of Germany-based Phoenix Solar AG, a leading international solar photovoltaic (PV) systems integrator. Phoenix Solar designs and installs ground-mounted and rooftop PV power plants including BIPV systems for industrial, commercial and residential buildings. Phoenix Solar also designs and supplies PV systems for village electrification and industrial applications. For more information, please see www.phoenixsolar.sg.

Contact
Phoenix Solar Pte Ltd
209 Syed Alwi Road
Singapore 207742
Ms Chee Yeen Yee
Tel. +65 6511 9339
Fax +65 6511 9333
[email protected]
www.phoenixsolar.sg