• The solar park is to be built along the railway tracks from Stockach to Radolfzell

• More projects in Germany in the second half of the year

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Sulzemoos

Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the German TecDAX, has been commissioned as EPC contractor by Singen-based solarcomplex AG to build a solar park with a peak power of around 4.7 megawatts in Bodman-Ludwigshafen. Solarcomplex AG is a regional supplier of renewable energies specialised in realising power plants in the region of Lake Constance. The solar park is to be constructed on around 800 metres of land on both sides of the railway tracks from Stockach to Radolfzell. Since the summer of 2010, only ground-mounted photovoltaic plants on sites already sealed or conversion sites or within a 110-metre corridor along motorways or railway tracks are eligible for promotion under the German Renewable Energies Act.

Phoenix Solar has been working together with solarcomplex AG since 2005. A number of rooftop and ground-mounted projects in the one-digit megawatt range have been realised to date. “We are delighted that, in the Bodman-Ludwigshafen project, we are continuing our long-standing cooperation with solarcomplex AG. Following the first half-year, which was dominated by international projects, we will be concentrating increasingly on projects in Germany in the second half”, stated Ralph Schneider, Executive Vice President Solar Energy Investments of Phoenix Solar.

A total of more than 58,500 First Solar modules and inverters from SMA will be used to build the solar power plant. The anticipated energy yield comes to almost 4.9 million kilowatt hours a year. Completion of the project has been scheduled for the end of August 2011.

“As a regional supplier for renewable energies, solarcomplex AG pursues the goal of having switched a large part of the energy supply in the area of Lake Constance to renewable energies by 2030. We therefore place special importance on our photovoltaic plants being built to very high standards. The good experience we had in our cooperation led us to decide for Phoenix Solar AG again, and we are looking forward to more joint projects in the future”, said Achim Achatz, Board Member of solarcomplex 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. 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 takes over the operation of large-scale 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 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 on the official market (Prime Standard) of the Frankfurt Stock Exchange and on the TecDAX, Deutsche Börse AG’s technology index.