. Subsidiary headquartered in the high-growth solar market of the State of California
. Experienced energy industry leaders take key positions in the US
subsidiary
Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the German TecDAX, today announced the incorporation of a wholly-owned subsidiary under United States law and the location of its Americas headquarters in the high-growth solar market of the State of California. Phoenix Solar Systems Inc. is headquartered in Northern California at the Bishop Ranch Business Park located in San Ramon, near San Francisco. The office is expected to be fully operational as from 1 September 2010.
The wholly-owned California-based subsidiary will build up its operations on the platform of Phoenix Solar AG’s proven engineering, supply chain, construction, commissioning and operations and maintenance competencies with a view to offering large-scale photovoltaic power plant solutions to commercial and larger-scale project developers, independent power producers and utility customers. The company has plans to expand swiftly into other high-growth and high potential markets in the USA, especially targeting East coast and Southwest States.
Mr. Paul J. Caudill has been appointed by the Phoenix Solar AG Executive Board as Chief Executive Officer & President of Phoenix Solar Systems Inc.
Paul Caudill comes to Phoenix Solar from SunPower Corporation, headquartered in San Jose, California, where he served successfully as the company’s head of Global Systems Operations. Reporting to the President of the Global Utility and Power Plant Business Unit, he was directly responsible for proposal design and up-front sales and customer support, engineering, construction, commissioning and operation of larger-scale solar power plants in the United States, Canada and Europe. In 2009, he worked hand-in-hand with SunPower’s sales and project development teams to successfully deliver on a number of significant solar plant contracts in both the United States and Europe, including a project of more than 25 MWp for a leading US utility in the State of Florida and a 24 MWp project for a privately-held developer in the Lazio region in Italy.
