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Phoenix Solar AG builds a solar park in Brandenburg with a peak power of 18 megawatts in its final form

. LUXCARA Asset Management GmbH won as a new customer
. First construction stage of 14.4 megawatts already online

Sulzemoos 1 July 2010 / Phoenix Solar AG (ISIN DE000A0BVU93), a leading
photovoltaic system integrator listed on the German TecDAX, has built a
photovoltaic power plant with a peak power of 14.4 megawatts (MWp) for
Hamburg-based LUXCARA Asset Management GmbH, to be ramped up to 18 MWp in a
second construction phase. The first 14.4 MWp have been connected to the
grid of the utility company envia on 30 June 2010. The power plant is
located in Senftenberg in Brandenburg on the site of a former opencast
mining area. As the building plan for the project had been legally finalised
before the cut-off date of 25 March 2010, the second construction phase can
be carried out in the second half of 2010 and is thus not subject to the
additional feed-in tariff cut.

LUXCARA Asset Management GmbH is a Hamburg-based asset management company
specialised in renewable energies infrastructure investments. The company
acts in an advisory capacity to LUXCARA S.A., SICAV-FIS, a Luxembourg
investment fund. LUXCARA stands for innovative investment solutions in the
field of renewable energies, with a special focus on photovoltaics.

Around 186,000 First Solar thin-film modules were used for the 14.4 MWp in
the first construction phase. The planned extension to 18 MWp is to be
carried out in the third quarter of 2010. The total number of solar modules
installed will then come to around 240,000 on a surface area of
approximately 63 hectares.


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