DGAP-News: Phoenix Solar Aktiengesellschaft builds photovoltaic power plant for utility company

Phoenix Solar Aktiengesellschaft / Miscellaneous

19.05.2009 

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Phoenix Solar AG builds photovoltaic power plant for utility company

*Enovos Group invests in solar electricity  
*Construction work on 5.8 megawatt power plant already under way 

Sulzemoos 19 May 2009 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading
photovoltaic system integrator listed on the TecDAX, is currently building
a photovoltaic power plant with a 5.8 megawatt peak output on behalf of the
Enovos Group in Kenn in the district of Trier-Saarburg,
Rhineland-Palatinate. Construction work has already begun and the
commissioning of the power plant has been scheduled for the end of July
2009. An expected annual yield of more than 5,800,000 kilowatt hours in
environmentally compatible energy is to supply around 1,650 households.

Phoenix Solar AG is responsible for the planning and construction of this
megawatt project. The project development of the ground-mounted power plant
was carried out by Bürgerservice Trier, a company which has an extremely
good network in the region. Bürgerservice Trier and Phoenix Solar have been
working together in the area since 2007. This cooperation has meanwhile
resulted in photovoltaic power plants with a peak output of more than 12
megawatt in Longuich, Riol, Kinderbeuern and Hasborn. These plants generate
environmentally compatible electricity which covers the annual needs of
around 3,600 households.

Alongside project development, Bürgerservice Trier will also be carrying
out the excavation work, as well as planting and land maintenance in the
capacity of a sub-contractor to Phoenix Solar. Connection to the grid and
associated electrical work will be done by Stadtwerke Trier which is
responsible for the supply of energy in the region.

'As a cutting-edge utility company, we believe it is our responsibility to
invest in renewable energies with the aim of establishing this field as a
promising future business segment. We are very happy to have found a strong
regional partner in Bürgerservice Trier and a competent partner in Phoenix
Solar AG in the realisation of the Enovos Group's first photovoltaic power
plant. In our choice of the company to build the plant what convinced us
was the high degree of professionalism and the experience of Phoenix Solar
AG', commented Nestor Didelot, Managing Director of SKW Kenn GmbH and
responsible for renewable energies within the Enovos Group.

'We are delighted that we can now count the Enovos Group as a utility
company among our customers. My special thanks for the great personal
commitment of those involved and the excellent and transparent
cooperation', said Ralph Schneider, Managing Director of Phoenix Solar
Energy Investments AG.

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 402 million, the Group achieved an EBIT of EUR 33.8 million in the
financial year 2008. The Phoenix Solar Group anticipates revenues of EUR
520 million, generated in Germany and abroad, and an EBIT of approximately
EUR 31 million in the financial year 2009. 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 system 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 230 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.

About Bürgerservice Trier GmbH 
Bürgerservice Trier GmbH is a non-profit company which, since its founding
in 1987, hires people who do not have the best chances on the regular
labour market. The aim is to help these people to gain additional
qualifications through work on projects and measures, and then to integrate
them into the main labour market. In addition, the employment promotion
company creates permanent positions for handicapped people in a number of
different operational areas. The company currently employs more than 300
employees.

About the Enovos Group
Enovos emerged from a business combination of the two Luxembourg utilities
Cegedel S.A., Soteg S.A. and the German company Saar Ferngas AG. Cegedel
S.A. is Luxembourg's main supplier of electricity and covers approximately
70 percent of consumption. Soteg S.A. is Luxembourg's leading gas utility
which has also sold and distributed electricity to commercial and
industrial customers since 2004. Saar Ferngas AG is the largest gas
distribution company in Saarland and Rhineland Palatinate.
The structure of the new company rests on three pillars:
Enovos Luxembourg S.A. and Enovos Deutschland AG have been combined under
the operational holding of Enovos International S.A. These companies are
responsible for the production, procurement and distribution of electricity
and gas as well as renewable energies. The grid operator companies Creos
Luxembourg S.A. und Creos Deutschland GmbH, which are responsible for the
energy grids and for distribution, function as separate entities.


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 19.05.2009 
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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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