Phoenix Solar AG builds two solar power plants for E.ON in Italy

- A total of 8.9 megawatts in Piemonte and in Apulia
- More projects at the negotiation stage

Sulzemoos - Phoenix Solar AG, a leading photovoltaic system integrator listed on the German TecDAX, is building two solar power plants in Italy with an overall peak power of 8.9 megawatts (MWp). The customers are two project companies belonging to E.ON Climate & Renewables.

Phoenix Solar AG is responsible for planning and building the photovoltaic power plants in both of these projects near Taranto in Apulia (6.1 MWp) and near Alessandria in Piemonte (2.8 MWp). Crystalline solar modules provided by E.ON are being used. Construction work on both projects started in October 2010, with completion scheduled before the end of the year.

\"We are delighted that, after our first successful project in France, we are now carrying out project work for E.ON in Italy\", commented Ulrich Reidenbach, Chief Sales Officer of Phoenix Solar AG. \"Italy is a very promising future market where we will be implementing more projects in 2011 as well.\"

\"Solar energy is playing an increasingly important role in our renewable energies mix. So, we are delighted to have found Phoenix Solar as a flexible and reliable partner with long-standing experience and know-how in planning and building of large-scale solar power plants\", stated Christophe Jurczak, E.ON Climate & Renewables Director of Solar PV.


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. 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, Malaysia, Oman, Australia and the United States of America, the Group currently has a workforce of more than 350 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 TecDAX, Deutsche Börse AG\'s technology index.


Sulzemoos, 30 November 2010


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

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

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