Phoenix Solar Aktiengesellschaft

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
 

 

 



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