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Press Release

Herausgeber: Phoenix Solar AG

Phoenix Solar AG builds photovoltaic plant on the roof of the German School in Sydney, Australia

- Project part of the Solar Roofs Program initiated by the German Energy
Agency (dena)
- Second project of Phoenix’s Australian subsidiary

Sulzemoos/Sydney - Dr. Murray Cameron, COO of Phoenix Solar AG, and Nicole Schneider from the Deutsche Energie-Agentur GmbH (dena) – the German Energy Agency, together with Andrea Gaffney (Australian National Government Relations Manager), Joachim Stickel (Deputy Director of the German International School) and other guests from politics, the business community and the press, today attended the inauguration ceremony of a PV plant installed on the roof of the German International School in Sydney, Australia.

The project, carried out by Phoenix Solar AG's subsidiary, is part of dena’s Solar Roofs Program which is aimed at supporting German solar companies in developing foreign markets.

Phoenix Solar’s part in this photovoltaic roof project was to be responsible as the general contractor for the concept, planning, delivery and construction of the power plant. "The installation of the system mounted on the roof of the German school enabled us to contribute our experience and know-how in the construction of PV plants and systems technology to a relatively young market, thereby supporting the development of the Australian photovoltaic industry", commented Christian Bindel, managing director of Phoenix Solar Pty Ltd which has its headquarters in Adelaide, Australia.

The roof-mounted system will have a peak power output of 10 kilowatts and generate around 12,600 kilowatt hours of solar electricity. Moreover, the installation of the PV system will cut the emission of environmentally damaging carbon dioxide by around 10,700 kilograms. "The project is a great way of demonstrating photovoltaic technology to our children at school and to create an early understanding of today’s most advanced way of generating electricity," underlines Joachim Stickel, Deputy Director of the School.

This is the second project to be completed by the Australian subsidiary of Phoenix Solar AG, headquartered in Adelaide, since its entry into the Australian market in July 2008. At the beginning of October, a ground-mounted photovoltaic system with a peak power output of 6.4 kilowatts, was inaugurated in the presence of Peter Garrett, Australian Minister of the Environment, in the "Desert Knowledge Australia Solar Centre" in Alice Springs. A total of 14 photovoltaic systems, built with different technologies and mounting systems, can be compared with one another at this centre. Phoenix Solar installed a photovoltaic system using thin-film technology and a mounting system specially developed by the company itself. The output of the various test systems is measured, and real time data is transmitted to an interactive website.

About Phoenix Solar AG

Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a leading international photovoltaic systems integrator. Until June 2007, the company, which was set up in 1999, went by the name of Phönix SonnenStrom AG. With total revenues of EUR 260 million, the Group's EBIT came to EUR 22.3 million in the financial year 2007. The Phoenix Solar Group anticipates sales of EUR 370 million, generated in Germany and abroad, for the financial year 2008. Phoenix Solar AG plans, builds and undertakes the operation of large photovoltaic plants and is a specialist wholesaler for complete power plants, solar modules and accessories. The Group is a leader in photovoltaic systems technology. It focuses on the consistent lowering of system costs. With a sales network which covers the whole of Germany, and subsidiaries in Spain, Italy, Greece, Singapore and Australia, the Group currently has a workforce of more than 200 employees. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are listed on the official market (Prime Standard) of the Frankfurt Stock Exchange. On 25 March 2008, the shares of the company were admitted to the TecDAX technology index of Deutsche Börse AG.

About the German Energy Agency (dena)

The Deutsche Energie-Agentur GmbH (dena) – the German Energy Agency – is the German competence centre for energy efficiency and renewable energies. Its core objectives include the rational and thus environmentally compatible production, conversion and use of energy, and the development of sustainable energy systems with a greater emphasis on renewable energy sources Its shareholders are the Federal Republic of Germany, the KfW Bankengruppe (KfW banking group), Allianz SE, Deutsche Bank AG and DZ BANK AG. http://www.dena.de/en

About the Solar Roofs Program

The "dena Solar Roofs Program for Foreign Market Development" was developed by the Deutsche Energie-Agentur GmbH (dena) – the German Energy Agency. Over the past four years, this program which is supported by the Federal Ministry of Economics and Technology has supported German solar energy firms introducing services and products to international markets. The dena Solar Roofs Program provides a framework for the planning and installation of solar thermal energy and photovoltaic power systems in promising foreign markets, often at German international schools or Goethe-Institutes. The initiative delivers training programs, public relations and marketing efforts to accompany these installations. The goal of these ‘beacon projects’ is to demonstrate the high quality of German renewable energy products and systems.

Sulzemoos/Sydney, 20 October 2008

Publication and Reprint free of charge; please send a specimen copy
to Phoenix Solar AG.

Attention editorial offices: For further questions please contact Mrs.
Andrea Zepf, Press & Public Relations Phoenix Solar AG.

Hirschbergstr. 8
D-85254 Sulzemoos
Tel: 08135-938-313
Fax: 08135-938-399
E-mail: a.zepf@phoenixsolar.de
Internet: http://www.phoenixsolar.de


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About Phoenix Solar AG

Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is an international photovoltaic system integrator. The Group develops, plans, builds and operates large-scale photovoltaic plants and is a specialist wholesaler for turnkey power plants, solar modules and accessories. With subsidiaries on three continents, the
company has sold solar modules with an output of significantly more than one gigawatt since its founding. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are listed on
the official market (Prime Standard) of the Frankfurt Stock Exchange.

More Information about Phoenix Solar AG