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    Solar Systems and Shunfeng International Clean Energy Limited cooperation agreement/PRESS RELEASE

    28.03.2017

    On March 28, 2017 in Shanghai (China), the Chairman of the Board of Directors of Solar Systems Lisyansky M.E. and the CEO of Shunfeng International Clean Energy Limited (SFCE, the corporation includes Wuxi Suntech and a number of other manufacturers of photovoltaic products) Eric Luo signed a Memorandum of Understanding, which provides for the possibility of development of a partnership for processing of materials, supply of solar modules and other areas of cooperation for PV-projects.

    Under the Memorandum, specialists from Solar Systems will visit SFCE’s manufacturing plant in China to undergo cell and wafer production training, and SFCE will form a team of technical specialists to consult and support the manufacturing in Podolsk. Solar Systems plans to launch the factory for production of monocrystalline wafers in 2017. At the first stage, the capacity of the factory will be more than 100 MW/year.

    Solar Systems will build 11 solar parks in 5 regions of Russia by 2020. The planned need for photovoltaic modules for implementation of projects is more than 830,000 pcs. The company's investment portfolio is more than 33.5 billion rubles. The first delivery of modules to the construction site of the 15 MW Zavodskaya SPP will be carried out in April, 2017.

    Currently, the possibility of implementation of new SPP construction projects on the territory of the Russian Federation, Kazakhstan, Belarus and Armenia is also being considered.

    Solar Systems, LLC was established by Amur Sirius (China) in March 2014 for the purpose of construction and operation of solar power plants on the territory of Russia. The company is currently implementing projects in Samara and Astrakhan Regions. Solar power plants in Volgograd Region, Stavropol Krai and the Republic of Kalmykia are planned to be constructed in the next 3 years. Due to commissioning of 11 solar parks, total installed capacity of power systems of these regions will increase by 255 MW. Cumulative investments will surpass 33,5 billion rubles.