DGAP-News

Phoenix Solar Awarded Contract for Photovoltaic Power Plant of 39.5 MWp in Australia

DGAP-News: Phoenix Solar Aktiengesellschaft / Key word(s): Incoming Orders Phoenix Solar Awarded Contract for Photovoltaic Power Plant of 39.5 MWp in Australia 27.07.2017 / 08:00 The issuer is solely responsible for the content of this announcement. Phoenix Solar Awarded Contract for Photovoltaic Power Plant of 39.5 MWp in Australia

- First project in Australia, joint venture with WBHO

- Notice to proceed scheduled for August 2017

- Phoenix Solar's APAC region poised for continued growth in 2017 and beyond

Sulzemoos, Germany, July 27^th, 2017 / Phoenix Solar Pte Ltd, the Singapore 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 an order to design a 39.5 MWp photovoltaic power plant near Perth, West Australia, as partner in a joint venture established for the purpose of this project. Phoenix Solar will also be in charge of the offshore procurement of all vital components. The construction of the three phases of the plant, built on one site, will be managed and carried out by the other joint venture partner WBHO, a AUD 2 billion infrastructure contractor (www.wbho.com.au). The Notice to Proceed (NTP) is expected to be issued in August, 2017.

The project will incorporate leading edge solar technology resulting in a high-performance plant including 1,500 Volt-technology, single axis tracking, and mono-crystalline PERC modules. It was developed and will be owned by WestGen, a clean energy development company already operating a significant portfolio of advanced power projects in Western Australia (www.westgen.com.au). The solar energy produced by the plant will be used under a power purchase agreement by Kleenheat, a West Australian energy provider, diversifying into green electricity.