March 29, 2010

Madrid, Spain: Solaria Signs Framework Agreement with Phoenix Solar AG

After the announcement of the creation of a German affiliate at the end of last year, Solaria Energia has signed a distribution agreement with the international system integrator Phoenix Solar AG for the supply of 10MWp of solar pv modules, over the next few months.

Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, Germany, is a leading internationally operating photovoltaic systems integrator, listed in the German Stock Exchange. Phoenix Solar plans, builds and operates large photovoltaic plants and is a specialist wholesaler for complete power plants, solar modules and accessories.

Solaria says this agreement demonstrates the commitment of the company to the German market where the company is devoting considerable resources. Solaria Energía y Medio Ambiente designs, manufactures, supplies and installs photovoltaic and thermal solutions for the utilization of solar power. Total Solaria sales in 2009 were 91.4 million euros and total EBITDA was 12.5 million euros.

Further details about: Solaria Energia and Phoenix Solar