DGAP-News: Phoenix Solar Aktiengesellschaft: Biggest Photovoltaic Power Plant in Greece accomplished

Phoenix Solar Aktiengesellschaft / Miscellaneous

23.07.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Biggest Photovoltaic Power Plant in Greece accomplished by Phoenix Solar AG

- Solar park Pontoiraklia with 944 kWp connected to the grid

Sulzemoos/Pontoiraklia 23.07.2008 / On 23 July 2008, the largest
photovoltaic power plant in Greece up to the present, built by Phoenix
Solar AG, was connected to the grid in Pontoiraklia, near Thessaloniki. In
the capacity of general contractor, Phoenix Solar was responsible for
planning and construction of the plant. The owner and initiator of the
power plant with a peak output of 944 kilowatts is Sunergy A.E. with its
headquarters in Thessaloniki. The inauguration of the biggest photovoltaic
plant in Greece is planned for September this year.


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, Greece, Singapore and Australia, as well as a
participation in Italy, the Group currently has a workforce of more than
180 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 Sunergy A.E.
Sunergy A.E. with its headquarters in Thessaloniki, Greece, has, as one of
the first companies in Greece, submitted applications for the construction
of large-scale photovoltaic solar parks. The company is currently in the
process of implementing large scale photovoltaic plants in Northern Greece.
The plants will be located at different sites and will have a combined peak
output of over 5.700 kilowatts. At present the company is conducting
negotiations with investors regarding the implementation of further
solarparks in the range of 15.000 kilowatt peak. With the solarpark in
Pontoiraklia, Sunergy A.E. is the first company in Greece to complete a
megawatt-range photovoltaic park in Greece.

Contact:
Phoenix Solar AG
Anka Leiner
Investor Relations
Hirschbergstraße 8
D-85254 Sulzemoos

Tel. +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner@phoenixsolar.de
www.phoenixsolar.de

Amtsgericht München HRB 129117 
Ust-ID Nr. DE 812868419 



DGAP 23.07.2008 
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Language:     English
Issuer:       Phoenix Solar Aktiengesellschaft
              Hirschbergstraße 8
              85254 Sulzemoos
              Deutschland
Phone:        +49 (0)8135-938-000
Fax:          +49 (0)8135-938-099
E-mail:       kontakt@phoenixsolar.de
Internet:     http://www.phoenixsolar.de
ISIN:         DE000A0BVU93
WKN:          A0BVU9
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hannover, Hamburg, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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