SULZEMOOS, Germany & SINGAPORE, Feb 29 (Bernama-BUSINESS WIRE) -- Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the Prime Standard of the Frankfurt Stock Exchange underscores its strong commitment to its Asia Pacific business region by appointing a new General Manager of its Singapore based subsidiary Phoenix Solar Pte Ltd. Eric Fleckten (43), who assumed this position in fall 2015 already, is an experienced renewable energy leader having held top management positions with companies such as SunEdison and with a strong commitment to South East Asia where he has been active for many years.
Recent achievements of Phoenix Solar's Asia Pacific operations include a partnership agreement with an investment partner aimed at satisfying the growing demand for so-called "solar leasing". Under this scheme an investor will commission and own a commercial PV system and sell the generated solar electricity to the building owner. This end customer contributes unused space on its industrial buildings and will purchase the clean electricity of the new PV system under a long term power purchase agreement. Among the first projects successfully executed under this cooperation is a 2.3 MWp photovoltaic rooftop system for a major multinational aerospace company in Singapore. Also, the recently established Phoenix Solar Philippines Inc. in the meantime has won an initial contract to design and build a 700 kWp photovoltaic rooftop system which is currently being executed. Sales activities in all target markets are currently being intensified.
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