EPV SOLAR, Inc., Signs Framework Agreement with City Solar for the Purchase of 250 MW of Thin-Film Solar Modules



    ROBBINSVILLE, N.J., July 16 /CNW/ -- EPV SOLAR, Inc. a thin-film solar
module manufacturer and photovoltaic systems provider headquartered in New
Jersey, USA, announced today that it has entered into a long-term solar module
supply agreement with City Solar Kraftwerke AG.  City Solar, headquartered in
Bad Kreuznach, Germany, is a tier-one international developer, installer and
operator of large-scale photovoltaic power plants. The framework agreement
allows City Solar to purchase 250 megawatts (MW) of amorphous silicon modules
over a period of five years.  City Solar plans to use EPV modules to further
execute its growth strategy in Europe.  A first 2 MW project with EPV modules
will be realized in Germany before the end of 2008. To meet the project
schedule, EPV SOLAR has already begun to ship against this contract from its
New Jersey manufacturing facility.  Later in the year, product will come from
EPV SOLAR's new 30 MW/year thin-film PV products manufacturing facility in
Senftenberg, Germany which is scheduled to begin production in the fall of
2008.
    Both companies are committed to the wide-scale adoption of solar energy.
To date, City Solar has connected to the grid projects with capacity of more
than 81 megawatts (MW), including a 20 MW installation in Beneixama (Spain),
which is one of the world's largest photovoltaic power plants.  Steffen
Kammler, CEO of City Solar, commented: "We have selected EPV SOLAR as our
commercial partner because of their reliable, low cost amorphous silicon
technology.  We are confident that EPV SOLAR's PV modules will deliver
exceptional performance and value for our customers.  City Solar looks forward
to a long and prosperous relationship with EPV SOLAR and to expanding our
partnership to include joint technology development and joint marketing
efforts in other parts of the world."
    "We are very pleased with this strong endorsement by City Solar of our
thin-film technology and products.  This new contract validates our strategy
of partnering with tier-one integrators in Europe," stated Mr. Scott T.
Massie, CEO of EPV SOLAR.  "We are committed to providing thin-film PV modules
that achieve the lowest cost PV electricity in the world.  Our goal is to help
our customers achieve 'grid parity' on an accelerated time scale," Mr. Massie
added.
    Founded in 1991, EPV SOLAR is expanding its annual module manufacturing
capacity to meet increased demand by its customers, including the demand under
this contract.  In addition to factories in Lawrenceville and Robbinsville,
NJ, USA, EPV SOLAR expects to begin production at its Senftenberg facility in
the fall of 2008.  EPV SOLAR employs a vertically integrated model for the
manufacture of thin-film solar modules, using its internally designed
production equipment and batch manufacturing process.  EPV SOLAR believes it
enables a total installed system cost that is among the lowest in the
industry.




For further information:

For further information: Ren Jenkins, Vice-President, Marketing &
Business Development of EPV SOLAR, Inc., +1-609-587-3000 ext. 1114, cell
+1-610-349-2286, r.jenkins@epvsolar.com; Stephan Brust, Press and Public
Relations of City Solar, +49 (0) 671 / 8 89 09 - 17, Fax +49 (0) 671 / 8 89 09
- 18, stephan.brust@citysolar.de Web Site: http://www.epvsolar.com           
     http://www.citysolar.de

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EPV SOLAR, INC.

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