Plant Activity For Phoenix

In the past few weeks, Phoenix Solar
AG has started construction work on three photovoltaic power plants in Türkenfeld, Hohenzell and Malching, all located in the District of Fürstenfeldbruck. The financing of the first two power
plants has been secured through Sparkasse Fürstenfeldbruck,
and the solar plant in Malching will be financed by a
major German bank.

Upon its completion in June 2009,
the Türkenfeld power plant, with a peak output of more
than three megawatts (MWp), will supply around 900
households with environmentally compatible electricity. The Malching power plant with 4.7 MWp
will supply more than 1,300 households and the ground-mounted power plant in
Hohenzell with 2.7 MWp
around 750 households. With these three solar parks the District of Fürstenfeldbruck will have come a good bit closer to
achieving its goal of generating 100 percent of its energy supply from renewable
energy sources by 2030.

Investors of the Türkenfeld and Hohenzell power
plants are Solarpark Türkenfeld GmbH & Co. KG and Solarpark Hohenzell GmbH & Co.
KG respectively.

They are made up of a group of
private investors for whom Phoenix Solar had already built a ground-mounted
megawatt power plant back in 2006.

The owner of the 4.7 MWp power plant in Malching is an
investment company of KG Allgemeine Leasing (KGAL).
There has been close cooperation between KGAL and Phoenix Solar since 2005. As
part of this successful cooperation, Phoenix Solar has to date built solar parks
for KGAL with a volume of approximately 33 MWp.