EPV SOLAR, Inc., Signs 306MW Contract for Sale of Solar Modules



    HAMILTON, N.J., Dec. 17 /CNW/ -- EPV SOLAR, Inc. (formerly Energy
Photovoltaics, Inc.), a thin-film solar module manufacturer and technology
developer headquartered in New Jersey, USA, announced today that it has
entered into a long-term solar module supply agreement with unlimited energy
GmbH, Berlin, Germany.  Under the terms of the contract, EPV SOLAR will supply
306 megawatts (MW) of amorphous silicon modules to unlimited energy for use in
the development and build-out of several solar parks in Europe.  EPV will
begin shipments against this contract during the first quarter of 2008.
Product will initially ship from EPV's New Jersey locations and shift to EPV's
Senftenberg, Germany, plant scheduled to come online during the fourth quarter
of 2008.
    Mr. Dietmar Kaesch, Managing Director of unlimited energy, commented: "We
selected EPV SOLAR as our partner for these large installations due to the
benefits of amorphous silicon technology, particularly its very competitive
cost and excellent performance.  We look forward to a long and prosperous
relationship with EPV as we grow our energy business in Europe."
    "We are proud to announce EPV SOLAR's first multi-hundred megawatt
contract," stated Mr. Scott T. Massie, CEO of EPV SOLAR.  "This contract,
along with the substantial funding we closed in June and other imminent multi-
hundred megawatt deals, will enable EPV to command a leadership position in
the high growth solar module market.  We are extremely pleased to be working
closely with unlimited energy GmbH to accelerate our growth in Europe."  Mr.
Massie added, "The environmental benefits of solar energy are critical to
addressing the global warming challenge facing all of us.  The electricity
generated as a result of the deployment and use of the PV modules we will sell
to unlimited energy will avoid the annual emission of nearly 400,000 metric
tons of CO2 that would result if the electricity were generated by coal-fired
power plants."
    EPV SOLAR announced $77.5 million of new financing in June, 2007, for the
purpose of expanding its thin-film photovoltaic module manufacturing capacity.
EPV plans to expand its annual module manufacturing capacity by approximately
85 MW in each of the next several years.  Several countries and states in the
USA are in negotiation with EPV to be the site for manufacturing capacity
expansion.  Founded in 1991, EPV develops its own manufacturing equipment for
the production of high-performance, low-cost, amorphous-silicon thin-film
photovoltaic modules and products.  In November, EPV received the New Jersey
Clean Energy Manufacturer of the Year Award for its leadership role in growing
the market for clean energy technologies.  Earlier in the year, EPV received
the Euromoney and Ernst & Young Global Renewable Energy Award; Equity Deal of
the Year in Technology for 2007, which recognizes achievement for driving
growth in the renewable energy industry sector.
    Unlimited energy develops and realizes renewable energy projects, with
the main focus on the photovoltaic and wind energy sector.  The shareholders
and the management team have long-term experience in renewable energy and have
previously developed and realized several large-scale projects.  Examples are
the 63MW "Dahme" wind farm in 2002/2003 and the 39MW "Studenitz" wind farm in
2005.  The unlimited energy team has photovoltaic projects with a total of
more than 300 MW under development in Europe, and it has already been
responsible for the planning and design of a 30 MW photovoltaic power plant.




For further information:

For further information: Ren Jenkins, Vice-President, Marketing, of EPV 
SOLAR, Inc., +1-609-587-3000 ext. 1114, or cell +1-610-349-2286, 
r.jenkins@epvsolar.com; or Torsten Kaesch, Project Manager of unlimited 
energy GmbH, +49 (0) 30 530 280 98-18, or fax +49 (0) 30 530 280 98-11, 
t.kaesch@u-energy.de Web Site: http://www.epv.net                 
http://www.epvsolar.com                  http://www.u-energy.de

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EPV SOLAR, INC.

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