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German Phoenix Solar to build plant in Slovakia

(ADPnews) – Aug 30, 2010 - German photovoltaics (PV) firm Phoenix Solar AG (ETR:PS4) said on Monday it had put pen to paper on a contract with investor Green Energy Slovakia for the construction of a 2.2 MW solar park in Slovakia.

The facility is expected to be fired up by the end of the year, the company added, however, choosing not to disclose any financial details.

Slovakia has adopted a feed-in-tariff of EUR 0.43 (USD 0.54) for every kWh of solar electricity.

(EUR 1.0 = USD 1.271)

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