Phoenix Solar AG to build solar power plants in France with a total peak power of 24 megawatts

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Commissioned by Paris-based Akuo Energy as the EPC contractor in charge of building two solar power plants in France.

• Largest foreign contract ever won by Phoenix Solar
• Contract volume in France already well over EUR 100 million in 2011


Phoenix Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the German TecDAX, has been commissioned by Paris-based Akuo Energy as the EPC contractor in charge of building two solar power plants in France. Akuo Energy is a French independent power producer specialised in renewable energy production from sun, wind, water and biomass all over the world. Akuo Solar, its subsidiary, is one of the three largest operators of solar power plants in France. The two solar parks have a peak power of almost 12 megawatts each and will be generating around 36 million kilowatt hours of green electricity a year in the future.

“So far France is Phoenix Solar AG’s most important market in 2011. Together with the solar parks in Le Castellet and La Rouchouse, we have already generated a contract volume of well over EUR 100 million this financial year in France. I am also delighted that this is our first opportunity of working together with Akuo Energy”, said Dr. Andreas Hänel, Chief Executive Officer of Phoenix Solar AG.

Work on the two power plants is scheduled to start during the summer. Completion has been planned for the end of the year and grid connection in 2012.

“Clean renewable energy is the best way of covering our energy needs of today and tomorrow. At the same time, it helps us to avoid harmful CO2 emissions and gives us independence from increasingly expensive fossil energy sources”, explained Romain Forest, Akuo Solar’s Managing Director. “We chose Phoenix Solar because they have the degree of commitment and the know-how we need for realising these flagship solar power plants.”

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.

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