UPSOLAR GROUP Highly confidential

Global Company: - 11 Offices in 3 continents

- Global sales around 200 MW in 2010 and around 250M USD turnover

- Sales in over 15 countries - Manufacturing platforms in Asia, Europe and America

Upsolar at a glance

Social Responsibility: - Engaged in PV Recycling program - Member of different PV associations worldwide

Innovation: - Sophisticated in-house R&D laboratory -Cooperation with innovative partners (components, structures, project development etc.) - Broad portfolio of components and products to adapt to local markets

Quality: - Strict qualification process of partners and components - Certifications from all around the world - Top Quality class recognized by Ö kotest Magazine - Quality assurance supported by international insurance

GLOBAL PROJECT EXPERIENCES

UPSOLAR ITALY

UPSOLAR GROUP CO.,LTD

UPSOLAR GROUP CO.,LTD

100%

UPSOLAR GREECE 100%

UPSOLAR SILICON MATERIAL CO LTD

Shanghai Centralized

Purchasing desk

100%

UPSOLAR GLOBAL R&D CENTER

Shanghai Bao Shan

Industry zoom

100%

GERMAN STANDARD QUALITY

2006 2007 2008 2009 2010 2011

Zhe Jiang founds Upsolar

Development of strategic

R&D and production platforms

First large scale(7MW)

project supply

agreement

First and main EU

subsidiary opens in France

First USA subsidiary

opens

High efficiency Product

launched

Germany Japan and

Italia offices built

Upsolar backs up all

product warranties with best in

class insurance

American and

European manufacturing begins

GERMAN STANDARD QUALITY

WORLD CLASS WARRANTY

GLOBAL PROJECT EXPERIENCES

30 80 120 220

400

40 93 109

255

285

2007 2008 2009 2010 2011

Annual Capacity (MW) Turnover (MUSD)

Shipped 60 MW

Shipped 86 MW

Shipped 175MW

Shipped 15 MW

Shipped 248MW

GLOBAL PROJECT EXPERIENCES

BRAND POSITION

Excellent Level Normal Level Passed Level

How can we achieve best quality/price ratio?

Three steps to secure your ROI

Technology

Quality

Warranty

INDEX

I. R&D, Design, Qualification Expertise & Manufacturing System

R&D, Design and Qualification Expertise

Product Development: Innovation

Best Quality-to-Price Ratio

Product Variety

II. Upsolar Quality Control System

Upsolar Manufacturing Process: “Excellence at each step”

Offline Controls

Online Controls

III. World Class Warranty and Insurance Coverage

10 years product warranty

25 years output performance warranty

IV. World Class Warranty and Insurance Coverage

Global Footprint

International Sales Profile and Targets

International Customer Validation

Project Examples

Technology

Quality

Warranty

I- R&D, Design, Qualification Expertise –offline quality control

R&D, Design and Qualification Expertise

Product Development: Innovation

Best Quality-to-Price Ratio

Product Variety

You know what you are getting

Environmental Lab

Electrical Lab

Physiochemical Lab

Flashing and Dark Lab

Fabricating Room

Cell/wafer Analysis

Upsolar R&D / Testing Center – Shanghai, China

Control R&D, Design, Testing & Qualification

40,000 sq. foot R&D center

Testing and qualification of components, materials and technology

Testing and selection of best performing component combinations

Regular off-line QC testing of randomly sampled modules from manufacuring lines

10

Integrated Micro-inverter A/C J-box

- Energy harvest maximized

- Enlighten performance monitoring

Efficient Grounding Frames

- Eliminates the need for aluminum rail

- Eliminates the need for grounding wire

- Reduces installation time by 40%

Rooftop Integration Frames

- Perfect esthetic integration

- Perfect roof insulation from the panels

Product Development with Innovative Partners

Casting: MTI Corp Mitsubishi Material Technology, GT Solar

Wafers: HCT (Applied Materials), Meyer Burger

Cells: RENA, Roth & Rau, Baccini, Manz, Asys, Centrotherm

Module lines: NPC, Spire Corporation, Nisshinbo

Top Manufacturing Equipment

Monocrystalline 72-cells 160 – 190 Wp

Polycrystalline 60 cells 220 – 245 W

Polycrystalline 72 cells 270 – 290 Wp

Module efficiency:

up to 16.1%

Available in:

- Black TPT

- Transparent

- Laminated

Module efficiency:

up to 14.9%

- Large Size (almost 2m²)

- Very High Power

Module efficiency:

up to 15.1%

- Medium Size ( >1.6m²)

- High Power

Standard Product Variety

Module efficiency: up to

15.5%

- 6” Monocrystalline cells

- Up to 300Wp power output

- Available in white & black

Monocrystalline 72-cells 280 - 300 Wp

13

Special Product Variety

High Efficiency

Monocrystalline

modules

-6” Monocrystalline cells

-Up to 250Wp power

output

- Up to x% efficiency

-Available in white and

Black

Integration Modules

- Framed with Solrif™

- Designed for rooftop

optimized integration

- Eligible in certain

countries for higher FIT

-Available in white and

black

Fast Installation

Modules

- Fast and simplified

installation

-Framed with Zep Solar ™

Laminated Modules

- Unframed modules

- Possibility of custom

design

- adapted for special

structures

II. Upsolar Quality Control System

Upsolar Manufacturing Process: “Excellence at each step”

Online Controls

Offline Controls

permanent audit from Third Party --- Bureau Veritas

Using Several Production platforms:

Thoroughly selected on high

standard criteria

Leverages expertise at each

discipline

Provides Upsolar:

Cost optimization by combining

excellence at each step

A flexible supply chain to meet

demand

Flexibility to rapidly adopt new

technology

Supply chain stability in case of

shortage

Manufacturing partners:

Large Quantity Engagements

Online Quality Control

UAM: Procurement of Non-Silicon Components

Modules

Cells

Wafers

Upsolar Manufacturing Process:

“Excellence at Each Step”

100% of shipments with QC reports

Production follow-up, permanent presence of teams

Power output inspection: re-flashing of modules

with reference modules calibrated by TUV Rheinland

Shanghai

Online Quality Controls

Appearance inspection

Component conformity check

Packing and loading

With permanent audit from Bureau Veritas

QC online software to follow each batch

To ensure the best continuous production quality flow

Upsolar laboratory, BaoShan, Shanghai

Experience

from

IEC 61215

- Quality control at any change of

specifications, equipment, assembly

processes

- Tests on components and assembly

- Tests on final product (all global

certifications and more)

- Live Tests on systems on the rooftop of

our laboratory

- Manufacturing platforms qualification

process

Off-line Controls

Upsolar laboratory rooftop System for test

Upsolar laboratory - Example

of a testing room

Special tool for the high performance

III. World Class Warranty and Insurance Coverage

10 years product warranty

25 years output performance warranty

World Class PowerGuard Insurance Coverage

• Policy is non-cancellable / irrevocable and coverage begins immediately

• Backs Upsolar’s Enhanced Module Warranty for 25 years

• Covers serial defects, module delaminating and power output loss

• Insured by providers with AM Best: Rated “A” Excellent or Better FSR

• 20 years of experience providing renewable energy industry insurance solutions

World Class Warranty and Insurance Coverage

97%

93.5%

90%

86.92%

83.85%

80%

World Class PowerGuard Insurance Coverage

World Class Warranty and Insurance Coverage

10 years product warranty

+

25 years output performance warranty

= Competitiveness

On-site system

inspections

Perform measurements on the

customer site (irradiance, T°C...)

Check if there is output loss or

excess, and track the data

Visually inspect the different

components of the PV system and

advise customer for improvements

On-line Quality Controls Production follow-up

Power output inspection

Appearance inspection

Component conformity check

Packing and loading

Reinforced Warranty

& Insurance Policy for 25 years With extended coverage

Supported by insurance

Off-line Controls Inspection & R&D lab

Tests on components,

assembling, final product

QA and audits of

partners’ facilities

Summarize: Three Steps for your ROI

High quality application of

processes & technologies

Cost efficiency

Supply reliability

Top equipment

Expansion plans

Production capacity

Financial stability

Upsolar:

R&D, design, expertise

Vertically integrated

Selected components

International teams

Total quality system

Quality control at each step

Best Quality / Price Ratio

IV- Global Presence & References

Global Footprint

International Sales Profile & Targets

International Customer Validation

Project Examples

Head Quarter

Subsidiaries

Rep. offices

Sales

Upsolar Europe

SAS Paris

Upsolar

Co.Ltd. Hong

Kong

Upsolar

Co.Ltd.

Shanghai

Upsolar America Inc.

San Francisco

Global Footprint

Manufacturing

International Customer Validation

Project location: France Total Power: 800 kW / 785 kW Technology: Mecosun structure Developer: JMB Module: UP-Monocrystalline Type of Project: Large-scale rooftop

Project Examples (I)

Project Examples (II)

Project location: Portugal, Feirera do Alentejo Total Power: 7.1 + 5.7 = 12.8MW Technology: Fixed structure Developer: GRUPO GENERG Module: UP-Polycristalline Type of Project: Open field

Project Examples (III)

We supply high quality solar modules with

Unique quality expertise and technology

innovative double-warranty

World class insurance

International services

Project locations: Belgium Total Power: 4.7MW / 1.5MW / 1.2MW Investor : Zonnecentrale Limburg NV Turn-key contractor: Machiels NV Engineering : Izen NV Type of Modules: UP-M200P Type of area: Reconverted waste soils

Project Examples (IV)

Project location: Germany, Wustermark, Lögow Total Power: 11 projects – TOTAL: 880kW Developer: Spree Solar Module: N/A Type of Project: Agricultural rooftops

Project Examples (V)

Project location: Italy, Allessandria Total Power: 7.3 MW total Technology: Fixed structure Developer: ANSALDO T&D Module: UP-M230P Type of Project: Open field

Project Examples (VI)

THANK YOU FOR YOUR ATTENTION

GRAZIE PER LA SUA ATTENZIONE

GRACIAS POR SU ATENCIÓN

DANK FÜR IHRE

AUFMERKSAMKEIT!

MERCI POUR VOTRE ATTENTION

DOMO ARIGADO GOZAIMASHITA

XIE XIE NI DE GUAN ZHU !