DGAP-News: Phoenix Solar Aktiengesellschaft to build photovoltaic power plants with a peak output of more than ten megawatts in the District of Fürstenfeldbruck

Phoenix Solar Aktiengesellschaft / Miscellaneous

26.05.2009 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
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Phoenix Solar AG to build photovoltaic power plants with a peak output of
more than ten megawatts in the District of Fürstenfeldbruck

*Sparkasse Fürstenfeldbruck to finance two solar parks for the first time 
*Major German bank to finance the third solar power plant 

Sulzemoos 26 May 2009 / In the past few weeks, Phoenix Solar AG (ISIN
DE000A0BVU93), a leading photovoltaic system integrator listed on the
TecDAX, started construction work on three photovoltaic power plants in
Türkenfeld, Hohenzell and Malching, all located in the District of
Fürstenfeldbruck. The financing of the first two power plants has been
secured through Sparkasse Fürstenfeldbruck, and the solar plant in Malching
will be financed by a major German bank.

Upon its completion in June 2009, the Türkenfeld power plant, with a peak
output of more than three megawatts (MWp), will supply around 900
households with environmentally compatible electricity. The Malching power
plant with 4.7 MWp will supply more than 1,300 households and the
ground-mounted power plant in Hohenzell with 2.7 MWp around 750 households.
With these three solar parks the District of Fürstenfeldbruck will have
come a good bit closer to achieving its goal of generating 100 percent of
its energy supply from renewable energy sources by 2030.

Investors of the Türkenfeld and Hohenzell power plants are Solarpark
Türkenfeld GmbH & Co. KG and Solarpark Hohenzell GmbH & Co. KG
respectively. They are made up of a group of private investors for whom
Phoenix Solar had already built a ground-mounted megawatt power plant back
in 2006.

The owner of the 4.7 MWp power plant in Malching is an investment company
of KG Allgemeine Leasing (KGAL). There has been close cooperation between
KGAL and Phoenix Solar since 2005. As part of this successful cooperation,
Phoenix Solar has to date built solar parks for KGAL with a volume of
approximately 33 MWp.

This is an English translation of the German original. 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 system integrator. With total revenues
of more than EUR 402 million, the Group achieved an EBIT of EUR 33.8
million in the financial year 2008. The Phoenix Solar Group anticipates
revenues of EUR 520 million, generated in Germany and abroad, and an EBIT
of approximately EUR 31 million in the financial year 2009. Phoenix Solar
AG plans, builds and undertakes the operation of large photovoltaic plants
and is a specialist wholesaler for complete power plants, solar modules and
accessories. The Group is a leader in photovoltaic system technology. It
focuses on the consistent lowering of system costs. With a sales network
which covers the whole of Germany, and subsidiaries in Spain, Italy,
Greece, Singapore and Australia, the Group currently has a workforce of
more than 230 employees. The shares of Phoenix Solar AG (ISIN DE000A0BVU93)
are listed on the official market (Prime Standard) of the Frankfurt Stock
Exchange and on the TecDAX, Deutsche Börse AG's technology index.



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 26.05.2009 
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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
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Hamburg, Düsseldorf, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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