Phoenix Solar AG was established on 18.11.1999 and was entered in the commercial register on
7.1.2000. Its headquarters are located in Hirschbergstraße 8 in 85254 Sulzemoos, near Munich, with
a branch in Ulm and sales offices all over Germany. In the frame of the increasing
internationalisation, the company changed its name from Phönix SonnenStrom AG to Phoenix Solar AG
in June 2007.
Phoenix Solar AG developed from the Phönix Solar Initiative of the Association of Energy
Consumers, founded in 1994. The objective of this nationally active consumer initiative was to
offer economical and high-quality solar systems, thereby promoting the market for solar products.
Initially, the Phönix Solar Initiative was restricted to the sale of thermal solar systems for
domestic water heating.
The success of the Initiative was overwhelming. In just a few years, more than 20,000 PHÖNIX®
solar systems were installed on roofs. The Phönix Solar Initiative thereby quickly became the
largest solar initiative in Germany and probably in Europe.
On the initiative of Dr. Andreas Hänel, the first photovoltaic (solar power) systems were sold
through the Phönix Solar Initiative from 1998. Business with solar power systems quickly developed
very positively.
In 1999, the management of the Phönix Solar Initiative decided to transform the Solar Heating
and Photovoltaic divisions into companies operating professionally on the market. Together with
Phönix SonnenStrom AG (now Phoenix Solar AG), headquartered in Sulzemoos,
Phönix SonnenWärme AG was established
in Berlin. Phönix SonnenWärme AG sells solar heating systems and Phoenix Solar AG sells solar power
systems.
Since 18 November 2004, Phoenix Solar shares are traded over the counter at the stock exchanges
of Munich, Frankfurt, Berlin / Bremen and Stuttgart. With the start of the new trading segment
M:access on the Munich Stock Exchange, Phoenix Solar transferred to this new quality segment on 1
July 2005. On 23 June 2006 the Federal Financial Supervisory Authority (BaFin) has approved the
prospectus required for the admittance of Phoenix to the official market in the Prime Standard
segment of the Frankfurt Stock Exchange. The listing was included as of 27 June 2006. The shares of
the company were admitted to the German TecDAX technology index on 25 March 2008.
With a sales network which covers the whole of Germany, and subsidiaries in Spain and Singapore,
as well as a participation in Italy, the Group currently has a workforce of more than 160 employees
(as at February 2008).
