Phoenix Solar Looks to the U.S. to Offset European Sales Slump
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Phoenix Solar AG is betting it can boost U.S. sales that are zero right now to 300 million euros ($426 million) within two years as the German solar company seeks to grow abroad to offset slumping sales in Europe.
Phoenix Solar’s U.S. unit, which builds solar power plants and was formed last August, plans to generate a “substantial” share of the group’s sales by the end of 2013, Chief Executive Officer Andreas Haenel said in Munich.