Phoenix Solar AG, headquartered in 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 and related equipment. With subsidiaries on three continents, the company has sold solar modules with an output of over one gigawatt since it was founded. Phoenix Solar shares (ISIN DE000A0BVU93, www.phoenixsolar-group.de) are listed on the Frankfurt Stock Exchange. The capital markets reacted to the successful restructuring and refinancing: the share price increased more than 400% over the past twelve months.