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Phoenix Solar CEO Tim P. Ryan lays out Six Point Plan to consolidate turnaround in 2015 - Seite 2

point and improved competitiveness, the target going forward will be to
achieve cost reductions of 6-8% per year on a MWp basis. To achieve this
ambitious program the sixth point is directed towards people: new talent
will only be selected from among proven solar industry employees and
executives, who bring a wealth of experience and can hit the ground
running.

Tim P. Ryan, a solar industry veteran, also pointed out that the global
solar industry is expected to install over 50 GWp (estimate) of systems in
2015, representing continued strong growth, as photovoltaic technology has
reached grid parity in many markets around the world. Against this
backdrop, demand continues to be healthy for experienced, international EPC
partners such as Phoenix Solar.

"As a truly global company," Ryan added, "we offer dedicated EPC services
to design and execute high quality, utility-scale and commercial/industrial
rooftop solar power plants to owners and investors in our main markets in
the USA, Middle East, Asia and Europe. Established in 1999, we can point to
an unparalleled track record of over 1.2 GWp of systems and components sold
and serviced. We remain confident that we will consolidate our turnaround
in 2015 and return to profitable growth."

About Phoenix Solar AG
Phoenix Solar AG, which is based at Sulzemoos, near Munich, Germany, is an
internationally operating photovoltaic system integrator. The Group
develops, plans, constructs and assumes operational management of large
photovoltaic power plants, and is a specialist wholesaler for complete
solar electricity systems, solar modules and related equipment. With its
subsidiaries on four continents, the company has sold solar modules with an
output of well over 1.2 gigawatt worldwide since it was founded. The shares
of Phoenix Solar AG (ISIN DE000A0BVU93) are listed on the Regulated Market
(Prime Standard) of the Frankfurt Stock Exchange. www.phoenixsolar-group.de




Contact:
Phoenix Solar AG
Dr. Joachim Fleing
Investor Relations Representative
Tel.: [phone]
Fax: [phone]
[e-mail]
www.phoenixsolar-group.com



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Language: English
Company: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 4
85254 Sulzemoos
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.phoenixsolar-group.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich (m:access), Stuttgart


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