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Sulzemoos, 13 September 2006 / Phönix SonnenStrom AG (ISIN DE000A0BVU93), a market leader for photovoltaic system integration operating throughout Europe, has acquired contracts for three more large-scale solar power plants worth around EUR 21 million in total. The company is thus expanding its leading role in the construction of solar power plants.

As early as 2005, Phönix SonnenStrom AG had already been commissioned to build a 5.3 megawatt power plant in Miegersbach near Munich in the context of a solar fund launched by KG Allgemeine Leasing (KGAL). KGAL has now initiated a new solar fund entailing a follow-up project which comprises the building and turn-key construction of a 2.1 megawatt greenfield solar power plant in Buchheim close to Würzburg. Phönix SonnenStrom AG is also currently at an advanced stage of completing a project for the same fund. This project is a ground-mounted solar power plant with a peak power output of 2.2 megawatts situated in Althegnenberg in the district of Fürstenfeldbruck. Work on the plant is scheduled to be completed in the third quarter of 2006. First Solar's thin-film modules are being used for both plants.

Along with the 2.1 megawatt plant of KGAL, Phönix SonnenStrom AG is in the process of building a solar power plant with a peak power output of 1.7 megawatts on the Buchheim site for a solar fund initiated by mainfrankenSolar. Information on the signing of the contract was released on 11 May 2006. Both Buchheim plants together make up the world's largest thin-film solar power plant with a peak power output totalling 3.8 megawatts. The completion date for both plants has been set for the fourth quarter of 2006.

The third, newly acquired contract is for a solar park, also initiated by mainfrankenSolar, in Gosheim near Donauwörth. This 1.1 megawatt solar power plant is to be equipped with First Solar thin-film modules as well and is planned to be handed over in November 2006.

Phönix SonnenStrom AG is Europe's market leader in the construction of large-scale solar power plants. As early as 2003, the company began to use thin-film modules which are advantageous because of their high yield combined with lower system costs. This year the company plans to generate more than a third of its module sales with thin-film modules.

The use of this technology and the consistent lowering of system costs will enable the company to continue to build high-yield and efficient greenfield solar power plants in the future, despite the annual reduction of 6.5 percent in payment rates for PV-generated electricity for such plants in Germany.

This is an English translation of the German original. Only the German version is binding.

Reproduction permitted; please send a specimen copy.

About Phönix SonnenStrom AG: Phönix SonnenStrom AG, based in Sulzemoos near Munich, is a leading systems supplier in the German and European photo-voltaic sectors. The company currently has around 100 employees and generated sales of EUR 111 million in 2005. Phönix SonnenStrom AG designs, builds and operates large-scale photovoltaic plants and is a wholesaler of complete solar electricity plants, solar modules and components. As part of its inter-nationalisation strategy, it acquired a participation in a solar company in Italy in January 2006, and in April 2006 it founded its Spanish subsidiary Phoenix Energía Solar. The shares of Phönix SonnenStrom AG (ISIN DE000A0BVU93) are traded on the official market (Prime Standard) on the Frankfurt Stock Exchange.

Disclaimer The content of this press release is for information purposes only and is not intended to constitute a recommendation for investment or a solicitation to subscribe to or an offer to buy or sell securities of the company. Phönix SonnenStrom AG shall undertake no liability whatsoever for any loss in connection with this press release or the information contained therein. This also particularly applies to any eventual loss in connection with the shares of Phönix SonnenStrom AG.

This document contains forward-looking statements on future developments which are based on management's current assessment. Words such as "anticipate", "assume", "believe", "estimate", "expect", "intend", "can/could", "plan", "project", "forecast", "should", and similar terms are indicative of such forward-looking statements. Such statements are subject to certain risks and uncertainties which are mainly outside the sphere of influence of Phönix SonnenStrom AG, but which have an impact on the business activities, the success, the business strategy and the results. These risks and factors of uncertainty include, for instance, climatic change, changes in the state subsidisation of photovoltaics, the introduction of competitor products or technologies of other companies, the development of the planned internationalisation of business activities, fierce competition as well as rapid technological change in the photovoltaic market. If one of these or other factors of uncertainty or risks should occur, or if the assumptions underlying the statements should prove incorrect, the actual results may diverge substantially from the results cited or implicitly indicated in these statements. Phönix SonnenStrom AG does not have the intention nor will it undertake any obligation to realise forward-looking statements on an ongoing basis or at a later point in time as this is entirely dependent on the circumstances prevailing on the day of their release.

In some countries, especially in the United States of America, the dissemination of this press release and the information contained therein may be restricted or prohibited under the law. This press release is therefore expressly not intended for persons resident in the United States of America or any other legal system under which such an offer or solicitation is not permissible, or for persons for whom such an offer or invitation would constitute a breach of the law.

Your Contact:

Phönix SonnenStrom AG
Hirschbergstraße 8
D-85254 Sulzemoos

Andrea Zepf
Press & Public Relations
Tel. +49 (0)8135 938 - 313
Fax +49 (0)8135 938 - 399
E-Mail: Zepf@SonnenStromAG.de>Zepf@SonnenStromAG.de
Internet: http://www.SonnenStromAG.de

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