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Phoenix Solar: Three Photovoltaic Projects Honored with Global Leading RES Awards

DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Study Phoenix Solar: Three Photovoltaic Projects Honored with Global Leading RES Awards 27.01.2017 / 08:30 The issuer is solely responsible for the content of this announcement. Phoenix Solar: Three Photovoltaic Projects Honored with Global Leading RES Awards

- Photovoltaic pioneer Phoenix Solar continues to excel in leading edge engineering

- First Mover awards for PV power plants in Saudi-Arabia and Turkey

- Largest Project award attributed to Munich Trade Fair rooftop system

Sulzemoos, Germany, January 27th, 2017 / 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 Global Leading RES Awards for three of its projects.

In the First Mover category, awards were granted to the Phoenix Solar 5.3 MWp KAPSARC I and II projects (commissioned in 2012 and 2014), built on behalf of Saudi Aramco in Ryadh - as the first utility scale ground mounted solar photovoltaic (PV) systems in Saudi Arabia, as well as the 9.1 MWp Solentegre project (commissioned in 2016) being the first fully licensed and, therefore, also currently the largest solar PV power plant in Turkey. Distinguished in the Largest Project category was the Munich Trade Fair rooftop system, outstanding at the time when it was designed and built by Phoenix Solar AG (in 2002) as the most powerful commercial PV rooftop system worldwide.

For the first time, the German CleanTech Institute (DCTI) together with EuPD Research, the Joint Forces for Solar (JF4S) initiative and the International Battery & Energy Storage Alliance (IBESA) now certified exceptional achievements in the areas of photovoltaic (PV) and electrical energy storage (EES). For the Global Leading RES Awards, more than 300 project applications from all over the world were filed. Reaching from Australia to Germany and from Tajikistan to India, 46 outstanding PV and EES projects in the categories First Mover, Tech Driver, Innovative Application, Unique Location and Largest Project were identified and distinguished by an international panel of renewable energy experts.