EANS-News: Greek subsidiary of Phoenix Solar AG realising more ground-mounted photovoltaic power plants

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Subtitle: Two solar parks with a peak power totalling 2.5 megawatts /
Repeat contracts from satisfied customers

Company Information/New Business

Sulzemoos, 27 February 2013 (euro adhoc) - Greek subsidiary of
Phoenix Solar AG realising more ground-mounted photovoltaic power
plants - Two solar parks with a peak power totalling 2.5
megawatts - Repeat contracts from satisfied customers Sulzemoos
27 February 2013/ Phoenix Solar E.P.E., the Greek subsidiary of
Phoenix Solar AG (ISIN DE000A0BVU93) which is a leading international
photovoltaic system integrator listed in Prime Standard of the
Frankfurt Stock Exchange, is realising more ground-mounted
photovoltaic power plants in Greece. The two solar parks have a peak
power of 1.5 megawatts and 1.0 megawatt and are located in the
regions of Lakonia and Etoloakarnania respectively on mainland
Greece. Both power plants are repeat contracts awarded by satisfied
customers.

With irradiations of 1,585 and 1,559 kWh/m2, the expected yield of
the photovoltaic plants is approximately 40 percent higher than in
Germany. Both solar parks have been under development for three
years. Construction has already commenced, with completion planned
before the end of the first quarter of 2013.

"We anticipate a market volume of around 500 megawatts of
photovoltaic installations in Greece in 2013", stated Dr. Christos
Protogeropoulos, General Manager of Phoenix Solar E.P.E. "In 2012, we
installed more than 8 megawatts in ground-mounted power plants. Today
we already have an order book of more than 7 megawatts for 2013,
mainly for large grid-connected photovoltaic systems, which puts us
in a good position for making 2013 another successful year for
Phoenix Solar Greece."

About Phoenix Solar AG Phoenix Solar AG, which has its headquarters
in Sulzemoos near Munich, is a leading 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. www.phoenixsolar-group.com

Further inquiry note:
Dr. Joachim Fleing
Investor Relations Representative
Phoenix Solar AG
Tel.: +49 8135 938-315
email: j.fleing@phoenixsolar.de

end of announcement euro adhoc
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company: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
D-85254 Sulzemoos
phone: +49 (0)8135-938-000
FAX: +49 (0)8135-938-099
mail: kontakt@phoenixsolar.de
WWW: http://www.phoenixsolar-group.de
sector: Energy
ISIN: DE000A0BVU93
indexes:
stockmarkets: free trade: Hannover, Berlin, Hamburg, Düsseldorf, Stuttgart,
M:access: München, regulated dealing/prime standard: Frankfurt
language: English