DGAP-News: Phoenix Solar Aktiengesellschaft builds one of the world's largest photovoltaic power plants on a carport in Italy


DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Contract
Phoenix Solar Aktiengesellschaft builds one of the world's largest
photovoltaic power plants on a carport in Italy

20.12.2010 / 11:00

---------------------------------------------------------------------

Phoenix Solar AG builds one of the world's largest photovoltaic power
plants on a carport in Italy

- Solar carport with a peak power of 5.9 megawatts 
- Huge market potential in Europe

Sulzemoos, 20 December 2010 / Phoenix Solar AG (ISIN DE000A0BVU93), a
leading international photovoltaic system integrator listed on the German
TecDAX, is building a solar carport on behalf of 'CIC PV Project Piadena KG
der CIC Italia GmbH & Co.' (CIC), a project company held by SOLARWATT PV
Italia GmbH. The carport, which is located on the property of Altmann, a
logistics group, in Piadena, Italy, will have a peak power of 5.9 megawatts
(MWp).

Some 24,700 Solarwatt crystalline modules will be installed on the four
individual surface areas which form the roof of the carport and come to
around 13,000 square metres in total. SMA is supplying the inverters. The
carport has enough space for around 6,000 new cars and fulfils a dual
purpose: The photovoltaic plant on the roof will generate around 6.4
million kilowatt hours of clean electricity a year and, at the same time,
protect the vehicles against the weather and keep them clean. Phoenix Solar
is responsible for the planning, site management and the professional
construction of the solar carport. Construction activities have already
commenced.

'We are delighted that we have been chosen to realise this flagship project
for SOLARWATT PV Italia GmbH and are proud to be building one of the
world's largest solar carports', said Ulrich Reidenbach, Chief Sales
Officer of Phoenix Solar AG. 'We view the dual function of solar carports
as a future-oriented business segment where we have already strongly
positioned ourselves through the megawatt carport completed this year in
Berlin and this new carport.'

'This photovoltaic power plant is a convincing combination of functionality
and sustainable business management', explained Dr Jürgen Müller, managing
director of SOLARWATT PV Italia GmbH and general manager of SOLARWATT AG in
Dresden. 'Phoenix Solar has the know-how and experience in the construction
of carport power plants and was therefore the ideal choice of partner when
the contract for implementing this project was awarded', stated Müller.


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 EUR 473 million, the Group achieved an EBIT of EUR 12.2 million in the
financial year 2009. The company develops, plans, builds and takes over the
operation of large-scale 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 throughout Germany, and
subsidiaries in Spain, Italy, Greece, France, Singapore, Malaysia, Oman,
Australia and the United States of America, the Group currently has a
workforce of more than 350 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 German TecDAX, Deutsche Börse AG's
technology index.


About SOLARWATT PV Italia GmbH
SOLARWATT PV Italia GmbH, which has its headquarters in Dresden, is a
subsidiary owned by SOLARWATT AG and SOLITALIA GmbH, companies based in
Dresden and Meran respectively. Its business is the joint development and
implementation of photovoltaic power plants in Italy. It combines the
competences of a leading European module manufacturer and system integrator
with those of a local project developer well versed in commerce and the
law. SOLARWATT PV Italia GmbH covers the whole range of services, from
selecting projects through to the construction, financing and the sale, as
well as the maintenance and operation of photovoltaic plants. Projects
realised in the first year of business (2010) in Italy come to around 14
MWp in total.


End of Corporate News


20.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English                                                
Company:     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, Düsseldorf, Hamburg, Hannover,  
             München (m:access), Stuttgart                          
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
107041 20.12.2010