Press Release

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Phoenix Solar AG builds one of the world’s largest Phoenix Solar AG Hirschbergstraße 8 photovoltaic power plants on a carport in Italy D-85254 Sulzemoos • Solar carport with a peak power of 5.9 megawatts Press & Public Relations • Andrea Wegner Huge market potential in Europe Tel. +49 (0)8135 938-313 Fax +49 (0)8135 938-399 [email protected] www.phoenixsolar.de

Sulzemoos, 20 December 2010 / Phoenix Solar AG (ISIN

DE000A0BVU93), a leading international photovoltaic system integrator listed on the German TecDAX, is building a solar carport on behalf of "CIC PV Project Piadena KG der CIC Italia GmbH &

Co." (CIC), a project company held by SOLARWATT PV Italia

GmbH. The carport, which is located on the property of Altmann, a logistics group, in Piadena, Italy, will have a peak power of 5.9 megawatts (MWp).

Some 24,700 Solarwatt crystalline modules will be installed on the four individual surface areas which form the roof of the carport and come to around 13,000 square metres in total. SMA is supplying the inverters. The carport has enough space for around 6,000 new cars and fulfils a dual purpose: The photovoltaic plant on the roof will generate around 6.4 million kilowatt hours of clean electricity a year and, at the same time, protect the vehicles against the weather and keep them clean. Phoenix Solar is responsible for the planning, site management and the professional construction of the solar carport. Construction activities have already commenced.

“We are delighted that we have been chosen to realise this flagship project for SOLARWATT PV Italia GmbH and are proud to be building one of the world’s largest solar carports“, said Ulrich

Reidenbach, Chief Sales Officer of Phoenix Solar AG. “We view the dual function of solar carports as a future-oriented business segment where we have already strongly positioned ourselves through the megawatt carport completed this year in and this new carport.”

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“This photovoltaic power plant is a convincing combination of functionality and sustainable business management“, explained Dr

Jürgen Müller, managing director of SOLARWATT PV Italia GmbH and general manager of SOLARWATT AG in Dresden. “Phoenix

Solar has the know-how and experience in the construction of carport power plants and was therefore the ideal choice of partner when the contract for implementing this project was awarded“, stated Müller.

This is an English translation of the German original. Only the

German version is binding.

Reproduction permitted

About Phoenix Solar AG

Phoenix Solar AG, which has its headquarters in Sulzemoos near , is a leading international photovoltaic system integrator. With total revenues of EUR 473 million, the Group achieved an EBIT of EUR 12.2 million in the financial year 2009. 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 Contact leader in photovoltaic system technology. It focuses on the Phoenix Solar AG consistent lowering of system costs. With a sales network Hirschbergstraße 8 throughout , and subsidiaries in Spain, Italy, , D-85254 Sulzemoos

France, Singapore, Malaysia, Oman, Australia and the United Press & Public Relations States of America, the Group currently has a workforce of more Andrea Wegner than 350 employees. The shares of Phoenix Solar AG (ISIN Tel. +49 (0)8135 938-313 DE000A0BVU93) are listed on the official market (Prime Standard) Fax +49 (0)8135 938-399 [email protected] of the Stock Exchange and on the German TecDAX, www.phoenixsolar.de Deutsche Börse AG’s technology index.

About SOLARWATT PV Italia GmbH

SOLARWATT PV Italia GmbH, which has its headquarters in Dresden, is a subsidiary owned by SOLARWATT AG and SOLITALIA GmbH, companies based in Dresden and Meran respectively. Its business is the joint development and implementation of photovoltaic power plants in Italy. It combines the competences of a leading European module manufacturer and system integrator with those of a local project developer well

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^ versed in commerce and the law. SOLARWATT PV Italia GmbH covers the whole range of services, from selecting projects through to the construction, financing and the sale, as well as the maintenance and operation of photovoltaic plants. Projects realised in the first year of business (2010) in Italy come to around 14 MWp in total.

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