Sept. 25 (Bloomberg) -- Phoenix Solar AG won a contract to build Singapore’s biggest solar photovoltaic plant as demand for larger units grows in the city state.
The company’s Singapore unit will design and build a 1.2-megawatt plant for CMM Marketing Management Pte., a unit of Sheng Siong Group Ltd, the Sulzemoos, Germany-based company said today in a statement. The plant, to be built on the roof of CMM’s head office, is expected to start up by the year-end.
Demand for bigger solar plants is growing in Singapore due to falling costs for photovoltaic modules, Phoenix Solar said.
“Thanks to the attractive returns on investment, we expect the installed PV capacity of Singapore to more than double in 2013, reaching at least 20 megawatts by December,” Managing Director Christophe Inglin said in the statement.
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