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Phoenix Solar awarded contract to build four commercial photovoltaic rooftops in the Philippines

DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Incoming Orders Phoenix Solar awarded contract to build four commercial photovoltaic rooftops in the Philippines 25.01.2017 / 08:30 The issuer is solely responsible for the content of this announcement. Phoenix Solar awarded contract to build four commercial photovoltaic rooftops in the Philippines

- Total capacity 3.04 MWp

- Robinsons Land Corporation extends cooperation with Phoenix Solar after successful commissioning of initial projects

Sulzemoos, Germany, January 25th, 2017 / Phoenix Solar Philippines Inc., the Manila based 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 a contract to build four commercial photovoltaic rooftop systems on behalf of Robinsons Land Corporation (RLC), one of the Philippines' leading real estate companies. The order was signed after Phoenix Solar successfully completed two photovoltaic systems atop RLC owned shopping malls in the Visayas region last year. The total capacity of the four new systems will amount to 3.04 MWp.

Phoenix Solar Philippines is in charge of design, procurement and construction of the four rooftops. Three of the solar systems will be installed on malls in the Visayas region (one in Jaro, Western Visayas, and two in Cebu, Central Visayas), the fourth one in Tagum City, Mindanao. They are all designed for own use only and will be able to cover a significant part of the malls' consumption during day time. Completion and commissioning are scheduled for end of June, 2017.

"Throughout the Philippines, RLC operates 44 malls - and with Robinsons Malls' commitment to preserving the environment and reducing its carbon footprint, we are determined to continue with installing solar panels covering a large portion of our energy requirements," Frederick Go, President at Robinsons Land Corporation, noted. "To cooperate with Phoenix Solar in pursuing this strategy in 2016 was a positive experience which we are delighted to repeat in 2017."