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Phoenix Solar Energy Investments acquires Scarlatti SRL

Phoenix Solar Energy Investments AG, a wholly owned subsidiary of Phoenix Solar AG, has acquired all the shares in Scarlatti Srl.

Scarlatti holds the shares in four project companies, which will develop a total of five projects for the construction of photovoltaic (PV) systems in Sicily with an overall peak power output of around 27 MW.

Given successful project development, the construction of these plants has been scheduled for 2009 and 2010.

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