SUNOWE partner of new Chinese 150MW national subsidy pilot project.

The Chinese national energy office has recently approved a new photovoltaic subsidy pilot program for a limited number of chosen industrial areas. As an experienced PV manufacturer and PV plant constructor, SUNOWE will construct 49 Mw of PV power plants until end of 2013. In this decentralized approach, industry rooftops will be used for the production of electricity through photovoltaic modules. This new program wil provide a subsidy of 0,42 RMB/KwH. Additional the province and government will subsidy 0,10 RMB/KwH each. The project volume for industry area “Marina” equals 1,38 bn RMB (Eur 175 m). It is expected, that this pilot project will have great influence on the further development of the general use of PV in China. “It is a great honour for our company to participate in this pilot project. The trust offered by our government shows once more, that Sunowe is one of the top players in the PV-market” says Managing Director of the European Headquarter Mr. Qi Ruan. — The company Zhejiang Sunflower Light Energy Science & Technology Limited Liability Company engages in the development, design, and production of photovoltaic ingots, wafers, cells and modules. The company was founded in 2004 and is based in Shaoxing, China. SUNOWE went public in August 2010 and was listed at the Shenzhen Stock Exchange (SZSE). The IPO volume amounts to 51 million shares with a value of 16,8 RMB per share and a total issuing volume of 856,8 Mio RMB. — Contact: Srdan Piljic, BSc Sales Manager Europe Prinz-Eugen-Straße 70/2/1.4a 1040 Vienna, AUSTRIA Tel.: 0043 1 505 48 50 Email: piljic@sunowe.com