Phoenix Solar AG is a leader in photovoltaic systems and as per 17th of December 2009 it formed a subsidiary. Phoenix Solar L.L.C was established in capital city of Sultanate, Muscat of Oman. The ownership of Phoenix Solar L.L.C is distributed as follows:
1. Main Owner – Phoenix Solar AG having 70 percent
2. Local Partner Silver Circle Overseas L.L.C. have 30 percent
The company will as prime market focus on developing solar project in Oman as well across the Gulf States. The methodology deployed will mainly focus on “turnkey” projects where both roof as well as ground photovoltaic systems will be built. These systems will be directly connected to the electric grid available or to act as stand-alone sources of energy.
Silver Circle Overseas
Since 2005, Silver Circle Overseas (SCO) has been operational in Oman. Its main sphere of business activities are in field of renewable energy and projects associated with tourism. Moreover, this company is from the Royal Family of Omen and already well established in the Gulf Region.
This association has already harnessed two photovoltaic projects in Oman and there are many more to be seen. A strategic entrance into a high-growth market such as the Gulf Region where solar is a strongly abundant commodity, success is certain.
The government of Oman has recently been paying attention to grab the shift in sources of energy from conventional to renewable. In 2007, a Danish company performed a research to calculate the potential of renewable energy in Oman and the finding was solidly positive. A gigantic potential for both sun and wind energy was considered the most compatible sources. Eventually, since 2007, the numbers of solar as well as wind projects have steadily been rising.
The internal structure of Phoenix Solar L.L.C will be headed by Klaus Friedl, managing Director who is a German of 42-year having worked in Oman since 2006 in renewable energies. Yet close cooperation is withheld with the head owners, Phoenix Solar Ag as well as SCO.
Chief Sales Officer of Phoenix Solar AG, Ulrich Reidenbach considered that Oman as well as the Gulf States are vital chances to grow. The conditions and atmosphere is ideal for photovoltaic energy. Yet, Silver Circle Overseas is highly proficient partner that is already well positioned. This will make the entrance phase to the new market much more manageable and successful.
Source:
1. Renewable Energy Focus
2. Press Release – Phoenix Solar
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