Phoenix Solar AG builds 2.2 megawatt solar park in Slovakia

Phoenix Solar Aktiengesellschaft / Miscellaneous

30.08.2010 14:15

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Phoenix Solar AG builds 2.2 megawatt solar park in Slovakia

- green energy slovakia s.r.o. invests in solar energy
- Construction work started in August

Sulzemoos, 30 August 2010 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading
photovoltaic system integrator listed on the German TecDAX, has signed an
agreement with green energy slovakia, s.r.o, a German-Slovakian investor
partnership, on the planning and implementation of a solar park with a peak
power of 2.2 megawatts. This will be Phoenix Solar AG's first project as
general contractor in Slovakia.

green energy slovakia, s.r.o was responsible for developing the project.
The Phoenix Solar team has already started with preparations for
construction. More than 29,000 solar modules from First Solar and inverters
from SMA will be used. The photovoltaic plant will be built at a distance
of around 80 kilometres from Bratislava on two neighbouring plots of
agricultural land and be connected to the grid before the end of this year.

Slovakia has attractive feed-in legislation which compensates one kilowatt
hour of solar electricity fed into the grid at a rate of 42.5 cents.

This is an English translation of the German. 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, Oman, Australia
and the USA, the Group currently has a workforce of more than 300
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 green energy slovakia, s.r.o.
green energy slovakia, s.r.o. was founded in 1999 and is part of the WEON
group, a.s. which specialises in investments. Since being founded, the
company has developed and implemented numerous projects for generating
electricity from renewable energies. The WEON group, a.s. currently
operates in three areas in Slovakia: the development of projects in
investment construction, the generating of energy and the providing of
construction services.

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

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

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




30.08.2010 Ad hoc announcement, Financial News and Press Release
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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
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Hamburg, München (m:access), Düsseldorf, Berlin,
              Stuttgart, Hannover
 
End of News                                     DGAP News-Service
 
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