Phoenix Solar successful in winning several contracts in Italy

- In August alone, orders of almost four megawatt placed for solar modules in the Components & Systems segment
- Rooftop project with a peak power of 227 kilowatts

Sulzemoos - Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed in the Prime Standard of the Frankfurt Stock Exchange, reports a number of orders from Phoenix Solar Srl, its Italian subsidiary, in the Components & Systems segment. In addition, Phoenix Solar Srl has been commissioned to build a rooftop solar power plant with a peak power of 227 kilowatts.

\"Despite the difficult market environment, our Italian subsidiary is successful in the trading business. We are also particularly pleased that all the power plants built by Phoenix Solar in Italy were connected to the grid by the deadline of 31 August 2011 and are therefore eligible for the feed-in tariffs valid up until then\", said Ulrich Reidenbach, Chief Sales Officer of Phoenix Solar AG.

Phoenix Solar Srl is delivering solar modules of First Solar for an independent power producer to build two solar power plants with a peak power of 1.7 and one megawatt respectively. Under a second contract, the company will supply MiaSolé modules to an Italian investor to be used in the construction of a solar power plant with a peak power of one megawatt in the vicinity of Rome.

In addition, Phoenix Solar AG\'s Italian subsidiary has won the contract to build a rooftop solar power plant with a peak power of 227 kilowatts. The photovoltaic plant, which will use Trina and MiaSolé modules, is to be completed and connected to the grid before the end of the year.

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. The Group achieved total revenues of EUR 636 million and an EBIT of EUR 36.4 million in the financial year 2010. The company develops, plans, builds and operates large-scale photovoltaic plants and is a specialist wholesaler for turnkey 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 400 employees. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are listed in the official market (Prime Standard) of the Frankfurt Stock Exchange.


Sulzemoos, 12 September 2011


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Attention editorial offices: For further questions please contact Mr.
Christian Strebe, Phoenix Solar AG.

Hirschbergstr. 8
D-85254 Sulzemoos
Tel: 08135-938-318
Fax: 08135-938-399
E-mail: c.strebe@phoenixsolar.de
Internet: http://www.phoenixsolar.de

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