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Phoenix Solar awarded EPC contract for 19.6 MWp photovoltaic plant in Texas (US)

DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Incoming Orders
Phoenix Solar awarded EPC contract for 19.6 MWp photovoltaic plant in Texas
(US)

25.07.2016 / 14:01
The issuer is solely responsible for the content of this announcement.

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Phoenix Solar awarded EPC contract for 19.6 MWp photovoltaic single axis
tracking plant in Texas (US)

Sulzemoos, July 25, 2016 / Phoenix Solar Inc., a 100% subsidiary of Phoenix
Solar AG (ISIN DE000A0BVU93), a leading international photovoltaic system
integrator listed on the official market (Prime Standard) of the Frankfurt
Stock Exchange, has been awarded the first project that will provide energy
to the US military and the company's first project in the state of Texas.
Phoenix Solar's scope of services will include the design, procurement and
construction of the solar facility of a hybrid project for Apex Clean
Energy (Apex).

Apex, founded in 2009, is an independent renewable energy company focused
on building utility-scale generation facilities. Apex is currently
overseeing construction of the hybrid wind/solar energy project, which is
designed to optimize solar energy produced on-site at US Army Garrison Fort
Hood in Killeen, Texas. The project will incorporate low-cost wind energy
produced at the Cotton Plains Wind facility in Floyd County, Texas,
ensuring a consistent, affordable, and secure energy resource to power the
Army's mission at Fort Hood.

"Apex is among the most active companies in the US renewables market,
providing energy solutions for the corporate and public sector markets,"
says Tim P. Ryan, CEO of Phoenix Solar AG. "We appreciate their broad
knowledge regarding wind energy facilities. From our side, we are very
pleased to contribute our excellence in engineering, procurement and
construction to the solar part of their projects." The Fort Hood project is
the first installation that Phoenix Solar will construct as a part of a
hybrid plant in the USA as well as a foray into the growing solar market in
the state of Texas.

About Phoenix Solar AG
Phoenix Solar AG, with headquarters in Sulzemoos / Munich, Germany, is an
international photovoltaic systems integrator. The Group develops, plans,
builds and operates large-scale photovoltaic plants. As an EPC contractor
specializing in the design and execution of solar power plants, Phoenix
Solar places special emphasis on the "on-time and on-budget" construction
and delivery of solar power plants, optimized to deliver superior output.
With subsidiaries on three continents, the company has designed and built
some 800 MWp of turnkey systems 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.




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

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25.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
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Archive at www.dgap.de

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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, Tradegate Exchange


End of News DGAP News Service
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485553 25.07.2016