DGAP-News: Phoenix Solar successful in winning several contracts in Italy

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DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s):
Miscellaneous
Phoenix Solar successful in winning several contracts in Italy

12.09.2011 / 14:00

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Phoenix Solar successful in winning several contracts in Italy

  - In August alone, orders of almost four megawatt placed for solar
    modules in the Components & Systems segment
  - Rooftop project with a peak power of 227 kilowatts

Sulzemoos 12 September 2011 / Phoenix Solar AG (ISIN DE000A0BVU93), a
leading international photovoltaic system integrator listed in the Prime
Standard of the Frankfurt Stock Exchange, reports a number of orders from
Phoenix Solar Srl, its Italian subsidiary, in the Components & Systems
segment.  In addition, Phoenix Solar Srl has been commissioned to build a
rooftop solar power plant with a peak power of 227 kilowatts.

'Despite the difficult market environment, our Italian subsidiary is
successful in the trading business. We are also particularly pleased that
all the power plants built by Phoenix Solar in Italy were connected to the
grid by the deadline of 31 August 2011 and are therefore eligible for the
feed-in tariffs valid up until then', said Ulrich Reidenbach, Chief Sales
Officer of Phoenix Solar AG.

Phoenix Solar Srl is delivering solar modules of First Solar for an
independent power producer to build two solar power plants with a peak
power of 1.7 and one megawatt respectively. Under a second contract, the
company will supply MiaSolé modules to an Italian investor to be used in
the construction of a solar power plant with a peak power of one megawatt
in the vicinity of Rome.

In addition, Phoenix Solar AG's Italian subsidiary has won the contract to
build a rooftop solar power plant with a peak power of 227 kilowatts. The
photovoltaic plant, which will use Trina and MiaSolé modules, is to be
completed and connected to the grid before the end of the year.

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. The Group achieved
total revenues of EUR 636 million and an EBIT of EUR 36.4 million in the
financial year 2010. The company develops, plans, builds and operates
large-scale photovoltaic plants and is a specialist wholesaler for turnkey
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
400 employees. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are
listed in the official market (Prime Standard) of the Frankfurt Stock
Exchange.

Contact:
Phoenix Solar AG
Jutta Stolp
Hirschbergstrasse 8
85254 Sulzemoos
Germany

Tel.: +49 (0)8135 938-315
Fax:  +49 (0)8135 938-399
j.stolp@phoenixsolar.de
www.phoenixsolar-group.com

Local Court of Munich HRB 129117
Ust-ID Nr. DE 812868419

Board of Directors: Dr. Andreas Hänel (CEO), Dr. Murray Cameron, Sabine
Kauper, Ulrich Reidenbach
Head of Supervisory Board: J. Michael Fischl


End of Corporate News

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Language:    English                                                
Company:     Phoenix Solar Aktiengesellschaft                       
             Hirschbergstraße 8                                     
             85254 Sulzemoos                                        
             Germany                                                
Phone:       +49 (0)8135-938-000                                    
Fax:         +49 (0)8135-938-099                                    
E-mail:      kontakt@phoenixsolar.de                                
Internet:    www.phoenixsolar-group.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  
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138952 12.09.2011
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