DGAP-News: Phoenix Solar Energy Investments AG signs project development agreement with Bürgerservice Trier GmbH

Phoenix Solar Aktiengesellschaft / Contract

07.02.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Phoenix Solar Energy Investments AG signs project development agreement
with Bürgerservice Trier GmbH

- Solar projects with a volume of around EUR 100 million planned
- Ground-mounted plants with peak outputs of one to ten megawatts

Sulzemoos, 7 February 2008 / Phoenix Solar Energy Investments AG, a
wholly-owned subsidiary of Phoenix Solar AG, has signed an agreement with
Trier-based Bürgerservice GmbH for the development of ground-mounted
photovoltaic plants. Under this agreement Bürgerservice GmbH will develop
solar projects for Phoenix Solar Energy Investments in the region of Trier,
Rhineland Palatinate/Saarland over the next two years. The ground-mounted
power plants are to have peak outputs of between one and ten megawatts.

Phoenix Solar AG plans to build these power plants during 2008 and 2009 and
then to sell them as turn-key plants to German and foreign investors. The
projected volume of the projects comes to around EUR 100 million.

Along with its project development, Bürgerservice is to be involved in the
construction of the power plants. As in the past with the successful
three-megawatt project in Longuich near Trier, Phoenix Solar will be
responsible in the role of general contractor for the planning and
construction of the plant. There are plans for Bürgerservice to take over
part of the module assembly work as well as the excavation and digging
operations as sub-contractor to Phoenix. Once the plants have become
operational, Phoenix Solar will ensure the maintenance and remote
monitoring of the plants. Bürgerservice will take care of the property and
provide local technical support.

Bürgerservice GmbH is a non-profit company which, since its founding in
1987, hires people who do not have the best chances on the regular labour
market. The aim is to help these people to gain additional qualifications,
to give them work through projects and measures, and then to integrate them
into the main labour market. The company currently employs more than 300
employees.

Horst Schneider, Managing Director of Bürgerservice, believes that solar
electricity projects harbour much potential for the region. 'We can create
more jobs and secure them long term while making an important contribution
to the sustainable supply of energy.'

'We are delighted that our good cooperation on the Longuich project has
resulted in this two-year project development agreement with Bürgerservice.
This agreement serves to demonstrate our leading position in the
ground-mounted market in Germany', commented Dr. Torsten Hass, Board Member
of Phoenix Solar Energy Investments.


This is an English translation of the German version. Only the German
version is binding.


About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic systems integrator. Until June 2007, the
company, which was set up in 1999, went by the name of Phönix SonnenStrom
AG. The Phoenix Solar Group anticipates sales of EUR 300 million, generated
in Germany and abroad, for the financial year 2008. Phoenix Solar AG plans,
builds and operates large photovoltaic plants and is a specialist
wholesaler for complete power plants, solar modules and accessories. The
Group is a leader in photovoltaic systems technology. It focuses on the
consistent lowering of system costs. With a sales network which covers the
whole of Germany, and subsidiaries in Spain and Singapore, as well as a
participation in Italy, the Group currently has a workforce of more than
160 employees. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are
listed on the official market (Prime Standard) of the Frankfurt Stock
Exchange.

Contact:
Phoenix Solar AG
Anka Leiner
Investor Relations
Hirschbergstraße 8
D-85254 Sulzemoos

Tel. +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner@phoenixsolar.de
www.phoenixsolar.de

Amtsgericht München HRB 129117 
Ust-ID Nr. DE 812868419 



DGAP 07.02.2008 
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Language:     English
Issuer:       Phoenix Solar Aktiengesellschaft
              Hirschbergstraße 8
              85254 Sulzemoos
              Deutschland
Phone:        +49 (0)8135-938-000
Fax:          +49 (0)8135-938-099
E-mail:       kontakt@phoenixsolar.de
Internet:     http://www.phoenixsolar.de
ISIN:         DE000A0BVU93
WKN:          A0BVU9
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart
End of News                                     DGAP News-Service
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