SOURCE: Phoenix Solar

Phoenix Solar

February 26, 2014 09:00 ET

Phoenix Solar Completes Ground-Mount Solar Facility at Morgan Stanley's Purchase, NY Corporate Campus

823-Kilowatt Peak Photovoltaic System to Offset up to 25% of Building's Daily Peak Electricity Use

SAN RAMON, CA--(Marketwired - February 26, 2014) - Phoenix Solar Inc. (www.phoenixsolar.com) today announced the completion of an 823-kilowatt peak ground-mount solar facility on six acres at Morgan Stanley's corporate campus in Purchase, New York. Phoenix Solar provided all engineering services, procured a portion of the components, and managed the construction of the solar facility.

The ground-mount solar facility is expected to generate approximately 1,000 MWh of electricity per year, offsetting approximately 5% of the total electricity used at Morgan Stanley's building, and up to 25% during peak production. The solar project required the installation of more than 3,000 solar panels.

"The successful and on-time completion of this solar installation for Morgan Stanley, a leading global financial services firm, demonstrates our strong commitment to partner with industry leaders throughout North America to deliver cost efficient and sustainable solar energy," said Dr. Murray Cameron, CEO and President of U.S.-based Phoenix Solar Inc., and Executive Board Member of parent company Phoenix Solar AG.

Other large solar projects completed in the U.S. by Phoenix Solar have included a 38.6- megawatt solar facility in Georgia and a 9.5-megawatt ground-mount solar park at the LEED Platinum =Volkswagen auto plant in Tennessee -- the largest solar facility at an auto factory in the United States. Among its other recent projects, Phoenix Solar Inc. has installed solar facilities throughout the U.S. including parking canopies, custom designed top level parking garage systems, as well as rooftop and ground mounted facilities.

About Phoenix Solar
Phoenix Solar AG, which is based at Sulzemoos, near Munich, Germany, is an internationally operating photovoltaic system integrator. The Group develops, plans, constructs and assumes operational management of large photovoltaic power plants, and is a specialist wholesaler for complete solar electricity systems, solar modules and related equipment. With its subsidiaries on three continents, the company has sold solar modules with an output of well over one gigawatt worldwide since it was founded. Its focus is on the growth regions in the USA and Asia as well as on developing new business models for solar power beyond public promotion. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are listed on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange. www.phoenixsolar-group.de

For more information about Phoenix Solar Inc., please visit www.phoenixsolar.com.

About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

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