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Press Release

Herausgeber: Ph


· Purchase of a stake in RED 2002 S.r.l. on 1 January 2006
· Phönix plans to raise the share of sales from international business to 50
% by the year 2010

Sulzemoos, 7 February 2006/ As part of its ambitious internationalisation
strategy Phönix SonnenStrom AG has acquired a 49 % participation in
Renewable Energies Development 2002 S.r.l. (RED 2002), an Italian system
integrator headquartered in Rome. The agreement includes the option of
increasing the participation to 75 %. This acquisition bolsters Phönix
SonnenStrom AG's drive to internationalise its business, its goal being to
raise the share of its sales from international business to over 50 % by
2010. Further acquisitions and the founding of subsidiary companies abroad,
in particular in southern Europe, are planned.

In August 2005 the Italian government passed the long-awaited decree
establishing a photovoltaic tariff as part of Italy's new renewable
energies law. Following the large number of applications received in 2005,
the terms of the decree were optimised and improved at the end of January
2006. The initial cap of 100 MW PV power installed was significantly
increased. In addition, thin film modules are now fully eligible for
support. From 2006 onwards the government intends to approve new
photovoltaic plants up to a total peak power of 85 MW each year. This is
more than twenty times the market volume in Italy in 2005.

RED 2002 was founded in 2001. The company is and will remain under the
management of its three directors, Domenico A. Inglieri and Piero Rossetti,
who have many years of professional experience from working for large oil
companies, and Antonio Ruta, who has specialized in PV technology. Domenico
Inglieri as Member of the Board of Directors of GIFI, the Italian
photovoltaic industry association, played an important part in assisting the
government with the preparation of the Italian PV-programme.

"As an established company, RED 2002 is the ideal partner for our entry into
the Italian market which we consider to have great growth potential. Italy
is now where Germany was a few years ago, and today Germany is the world's
largest photovoltaic market", explained Dr. Andreas Hänel, Chief Executive
Officer of Phönix SonnenStrom AG.

"Our knowledge of the Italian market, combined with the competence and
experience of Phönix, one of the most prominent builders of large-scale
turn-key photovoltaic plants in Europe, are perfectly complementary," was
the comment of RED 2002's Domenico Inglieri. "We are looking forward to
working together with Phönix SonnenStrom."

Reproduction permitted; please send a specimen copy.

About Phönix SonnenStrom AG:
Phönix SonnenStrom AG, headquartered in Sulzemoos near Munich, is a leading
systems supplier in the German and European photovoltaic sectors. The
company designs and builds large-scale turn-key photovoltaic plants and
operates as a wholesaler of complete solar electricity systems, solar
modules and components. In 2005, Phönix SonnenStrom AG received the "Bayerns
Best 50" and "Europe's 500" awards in recognition of its rapid growth. The
shares of the company (ISIN DE000A0BVU93) have been traded on the OTC
segment since November 2004 and on the M:access quality segment of the
Munich Stock Exchange since July 2005.

For more information please contact:

PhönixSonnenStrom AG
Andrea Zeppf
Press- and Public Relations
Hirschbergstraße 8
D-85254 Sulzemoos
Tel.: + 49 (0) 8135 – 938-315
Fax: + 49 (0) 8135 – 938-399
e-mail: Zepf@SonnenStromAG.de">Zepf@SonnenStromAG.de
Internet: http://www.SonnenStromAG.de


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