Tim P. Ryan confirmed as Phoenix Solar CEO

now viewing

Tim P. Ryan confirmed as Phoenix Solar CEO

October 31, 2017 Anand Gupta

Small solar power firms eclipsed in India’s renewable energy race

now playing

Madhav Infra Projects bags INR 330 Crore solar project in Surat - EQ

October 31, 2017 Anand Gupta

now playing

Sungrow Celebrates Ten Years of Significant Milestones in the Indian Market - EQ

October 31, 2017 Anand Gupta

NHPC to form joint venture with JKSPDCL to set up 850-MW Ratle hydropower project in J&K

now playing

Nepal Aims to Export 10,000 MW Hydropower to India in Next Decade to Promote Renewable Energy - EQ

October 31, 2017 Anand Gupta

multibagger-ireda-shares-climb-5-on-signing-green-power-co-finance-deal-with-indian-overseas-bank

now playing

IREDA stresses innovative financing solutions for India’s transition to renewable energy - EQ

October 31, 2017 Anand Gupta

Mahindra Group and Ontario Teachers’ Co-Sponsor India’s Largest Renewable Energy Listed InvIT with Offer Size of ₹2262.8 Crore ( $273 Mn)

now playing

G7 falling short of renewable energy capacity tripling goal: Think-tank - EQ

October 31, 2017 Anand Gupta

RERC (Terms and Conditions for Determination of Tariff) (First Amendment) Regulations, 2019

now playing

India expects annual power output to grow at fastest in over a decade - EQ

October 31, 2017 Anand Gupta

AP bets on renewable energy to meet goals

now playing

'At least $12 trn needed for tripling renewable energy capacity by 2030' - EQ

October 31, 2017 Anand Gupta

49056-002: Pakistan: Access to Clean Energy Investment Program

now playing

CESC acquires company engaged in 300 MW solar park under construction in Rajasthan - EQ

October 31, 2017 Anand Gupta

Order- Seeking for the Condonation of Delay of 273 days in filing the Appeal as against the Impugned Order by CERC

now playing

Petition for seeking declaration of change in law event and consequent relief on account of increase in compensation for acquisition of land for Jhajjar Power Limited’s - EQ

October 31, 2017 Anand Gupta

now playing

Petition of Central Electricity Regulatory Commission (Connectivity and General Network Access to the Inter-State Transmission System) Regulations - Reliance Industries Limited (RIL) - EQ

October 31, 2017 Anand Gupta

• Tim P. Ryan’s tenure as Group CEO at Phoenix Solar extended for another year until December 31st, 2018
• Investments in the global sales team and process paying off –weighted project pipeline now at some 600 MWp and free order backlog at €225 million
• The Phoenix Solar Supervisory Board expresses confidence in growth potential for 2018

Sulzemoos, October 30th, 2017 / The Supervisory Board of Phoenix Solar AG, (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the official market (Prime Standard) of the Frankfurt Stock Exchange, has extended the appointment of Tim P. Ryan as Group CEO for another year. Ryan has served as CEO of Phoenix Solar AG since January 1st, 2015. In parallel, he remains in his role as CEO & President of the US subsidiary, the Company’s largest.

Ryan, who is also the Group’s Chief Sales Officer, has overseen systematic investments in the global sales team and process. Starting with the third quarter of the current financial year, 2017, the sales results have been moving in the right direction, with an unprecedented global project pipeline (weighted) of approximately 600 MWp and a free order backlog of €225 million.

Oliver Gosemann, Chairman of the Supervisory Board, said: “The recent revision of the 2017 guidance to a large degree reflects the inherent risks of the project business in which Phoenix Solar is active. By extending his contract, we express our confidence that Tim P. Ryan will continue to lead the Group to master the challenges ahead.