Phoenix Solar

Phoenix Solar was a German solar photovoltaic company focused on systems integration, project development, plant construction, operations, and specialist wholesale distribution. The company designed and built photovoltaic installations ranging from commercial and industrial systems to large utility-scale power plants, while also supplying solar modules, inverters, mounting systems, and related equipment. Its activities placed it between the equipment-distribution business and the engineering, procurement, and construction side of the solar industry. The company emerged from an initiative of Bund der Energieverbraucher e.V., a German association known in English as the Cooperative of Energy Consumers. The initiative originated in 1994, while the company itself was formally established on November 18, 1999. Phoenix Solar was entered in the German commercial register on January 7, 2000. It initially operated under the name Phönix SonnenStrom AG and later adopted the internationally oriented name Phoenix Solar AG. Shareholders approved the name change at the annual general meeting of May 25, 2007. Phoenix Solar developed an international operating structure during the expansion of the global photovoltaic market. Its headquarters were located in Sulzemoos, northwest of Munich, and it maintained German sales offices as well as subsidiaries or branches in Italy, Spain, Greece, Singapore, Oman, Australia, and the United States. The company also carried out projects in other markets, including Saudi Arabia. Its business model combined technical planning, procurement, construction, commissioning, and operation of photovoltaic power plants with wholesale sales of photovoltaic components and systems. The company was publicly traded in Germany for much of its corporate history. Its shares began trading on over-the-counter German exchanges in November 2004. Phoenix Solar subsequently joined the M:access market segment of the Munich Stock Exchange in July 2005 and entered the Prime Standard of the Frankfurt Stock Exchange in June 2006. The shares were included in the ÖkoDAX from June 2007 and became a constituent of the TecDAX in March 2008. These developments reflected the company's position as a publicly visible German renewable-energy company during a period of rapid solar-industry growth. Among its international projects was a 38.6-megawatt photovoltaic plant in Georgia, United States. Construction began in July 2013 under a contract with Silicon Ranch Corporation, with the plant located on a former cotton field. During the same month, Phoenix Solar's operations in Oman and Singapore were reported as responsible for the design and construction of a 1.8-megawatt-peak solar plant in Riyadh, Saudi Arabia. These projects illustrated the company's attempt to expand beyond its German base into utility-scale and emerging photovoltaic markets. Phoenix Solar's later history was affected by difficult conditions in the solar sector, including intense international competition, changes in market support mechanisms, and pressure on project and equipment margins. The available reference material records that the company started insolvency proceedings in February 2018. It is therefore treated as a defunct brand and former corporate group rather than an active independent solar company. Detailed information about the final liquidation, asset sales, or any successor brand is not established by the supplied sources.

Phoenix Solar traces its origins to an initiative associated with Bund der Energieverbraucher e.V., or the Cooperative of Energy Consumers. That initiative began in 1994 and provided the organizational background for a later company focused on solar power systems. Phoenix Solar was formally founded on November 18, 1999, and entered in the German commercial register on January 7, 2000. The company initially operated under the name Phönix SonnenStrom AG. Its activities developed around photovoltaic systems integration: it planned, supplied, built, and operated solar installations, while also acting as a specialist wholesaler for photovoltaic modules, solar systems, and related equipment. This combination allowed Phoenix Solar to serve both project customers seeking complete installations and professional customers purchasing components for their own projects. Phoenix Solar was headquartered in Sulzemoos, northwest of Munich, Germany. As its business expanded, it established German sales operations and international subsidiaries or branches in Italy, Spain, Greece, Singapore, Oman, Australia, and the United States. The company pursued projects in a number of international markets and positioned itself as a provider capable of delivering larger photovoltaic facilities rather than only residential-scale systems. The company became publicly traded through a series of German market admissions. Its shares, known as the Phoenix SonnenAktie, began trading on several German over-the-counter exchanges on November 18, 2004. On July 27, 2005, trading began on M:access, a market segment of the Munich Stock Exchange intended for small and mid-cap companies. Phoenix Solar then entered the Prime Standard of the Frankfurt Stock Exchange on June 27, 2006. Its visibility in the German capital markets increased further when the shares were included in the ÖkoDAX from June 2007 and the TecDAX from March 2008. In 2007, the company's international branding was formalized. At the annual general meeting on May 25, shareholders approved changing the corporate name from Phönix SonnenStrom AG to Phoenix Solar AG. The new name more directly communicated the company's solar specialization and supported its international expansion. Phoenix Solar's project work included both photovoltaic engineering and construction. In July 2013, the company began building a 38.6-megawatt photovoltaic plant in the U.S. state of Georgia. The facility was planned on a former cotton field under a contract with Silicon Ranch Corporation. Also in July 2013, Phoenix Solar's operations in Oman and Singapore took responsibility for the design and construction of a 1.8-megawatt-peak photovoltaic power plant in Riyadh, Saudi Arabia. These projects demonstrated the company's participation in utility-scale solar development outside Germany and its use of regional subsidiaries to deliver international contracts. The photovoltaic sector later became increasingly difficult for many European solar businesses. Phoenix Solar faced the broader pressures associated with international competition, changing support conditions, and the economics of project development and equipment supply. The supplied historical record states that insolvency proceedings began in February 2018. From that point, Phoenix Solar is best understood as a former German photovoltaic company and brand. The available material does not establish the precise outcome of the insolvency, the identity of any final owner, or the existence of a continuing successor business.

• 2018

  Insolvency proceedings begin

  [1]Phoenix Solaren.wikipedia.org

  Phoenix Solar started insolvency proceedings in February 2018.

• 2013

  Georgia photovoltaic plant construction begins

  [1]Phoenix Solaren.wikipedia.org

  Construction started on a 38.6-megawatt photovoltaic plant in Georgia under a Silicon Ranch Corporation contract.

• 2013

  Riyadh solar project assigned to Phoenix Solar branches

  [1]Phoenix Solaren.wikipedia.org

  The Oman and Singapore operations were assigned design and construction responsibilities for a 1.8-megawatt-peak plant in Riyadh.

• 2008

  TecDAX inclusion

  [1]Phoenix Solaren.wikipedia.org

  Phoenix Solar became a TecDAX constituent from March.

• 2007

  Corporate name changed to Phoenix Solar AG

  [1]Phoenix Solaren.wikipedia.org

  Shareholders approved replacing the name Phönix SonnenStrom AG with Phoenix Solar AG on May 25.

• 2007

  ÖkoDAX inclusion

  [1]Phoenix Solaren.wikipedia.org

  Phoenix Solar shares were included in the ÖkoDAX from June.

• 2006

  Frankfurt Prime Standard listing

  [1]Phoenix Solaren.wikipedia.org

  Phoenix Solar shares were listed and began trading in the Frankfurt Stock Exchange's Prime Standard on June 27.

• 2005

  Admission to M:access

  [1]Phoenix Solaren.wikipedia.org

  The shares began trading on the M:access segment of the Munich Stock Exchange on July 27.

• 2004

  Shares begin over-the-counter trading

  [1]Phoenix Solaren.wikipedia.org

  Phoenix Solar shares began trading on German over-the-counter exchanges on November 18.

• 2000

  Commercial-register entry

  [1]Phoenix Solaren.wikipedia.org

  The company was entered in the German commercial register on January 7, 2000.

• 1999

  Company formally founded

  [1]Phoenix Solaren.wikipedia.org

  Phoenix Solar was officially founded on November 18, 1999.

• 1994

  Consumer-energy initiative begins

  [1]Phoenix Solaren.wikipedia.org

  An initiative of Bund der Energieverbraucher e.V., later associated with the origins of Phoenix Solar, was started.

A technically oriented photovoltaic systems integrator and project developer combining utility-scale solar plant construction with specialist wholesale distribution of photovoltaic equipment.

• Solar power generation

  Utility-scale photovoltaic power plants

  Phoenix Solar designed and built large photovoltaic power plants for utility and commercial project owners. Its role could encompass technical planning, procurement, construction, commissioning, and operation. Projects described in the company's history include a 38.6-megawatt plant in Georgia, United States, and a 1.8-megawatt-peak plant in Riyadh, Saudi Arabia.

• Photovoltaic systems integration

  Integrated photovoltaic systems

  The company supplied integrated photovoltaic solutions rather than limiting itself to individual components. These systems brought together solar modules, inverters, mounting structures, electrical equipment, engineering, installation, and project-management services for commercial and other larger-scale customers.

• Solar equipment distribution

  Photovoltaic equipment wholesale

  Phoenix Solar operated as a specialist wholesaler of photovoltaic systems, solar modules, and related equipment. This distribution activity complemented its project-integration business and served professional installers, developers, and other customers needing photovoltaic hardware and balance-of-system products.

• 2018

  Commencement of insolvency proceedingsOther

  Background

  The company faced the difficult operating and competitive conditions affecting parts of the solar sector.

  Action taken

  Phoenix Solar started insolvency proceedings in February 2018.

  Aftermath

  The proceedings marked the end of Phoenix Solar's status as an active independent photovoltaic company. The supplied sources do not establish the final liquidation outcome.

  Source

• 2013

  Expansion of utility-scale international project activityProduct launch

  Background

  Phoenix Solar was expanding its systems-integration business beyond Germany through regional subsidiaries and external project contracts.

  Action taken

  The company began construction of a 38.6-megawatt photovoltaic plant in Georgia and assigned its Oman and Singapore branches to design and construct a 1.8-megawatt-peak plant in Riyadh.

  Aftermath

  The projects demonstrated Phoenix Solar's international utility-scale photovoltaic capability, although the supplied sources do not provide project financial results or later operating outcomes.

  Source

• 2007

  Adoption of the Phoenix Solar corporate nameStrategy

  Background

  The company had operated as Phönix SonnenStrom AG while developing a broader photovoltaic systems and international project business.

  Action taken

  Shareholders approved changing the name to Phoenix Solar AG at the annual general meeting on May 25, 2007.

  Aftermath

  The new name became the company's principal international corporate identity and more directly emphasized its solar focus.

  Source

1. 1Phoenix Solaren.wikipedia.org