Upsolar Establishes Italian Presence With Upsolar Italia; Supplies 7.3 MW PV park with Ansaldo T&D

TREVISO, ITALY - November 29, 2010 - Upsolar, a leading international solar module supplier, today announced it has founded subsidiary Upsolar Italia SRL. Headquartered in Treviso, Italy, near Venice, the office will serve as the hub of Upsolar's various projects throughout the country.

The first major project serviced through Upsolar Italia is a 7.3 MW solar photovoltaic (PV) park in Alessandria for RAL Srl, a company instituted by hydropower producer Compagnia Valdostana delle Acque SpA (CVA SpA), and Renergetica Srl. One of the largest installations in the region, the project represents the first solar undertaking for Ansaldo T&D, a Genoa-based engineering and contracting company operating in the transmission and distribution business since 1984.

"Embarking on our first venture into the solar arena - especially with a project of this magnitude - we recognized the importance of partnering with a reliable module producer," Massimo Ceroni, Ansaldo T&D Sales and Marketing Manager, said. "Upsolar's high-quality polycrystalline modules are ideally suited to large PV power stations like the Alessandria park, and the support provided by their attentive team allowed for a seamless entry into the burgeoning Italian solar market. We look forward to additional collaborations in the future."

"Strengthened by a national feed-in tariff, the Italian solar PV market has shown exceptional growth in recent years and was a clear choice for Upsolar's expansion. Our newly established facility will allow Upsolar to provide Italian customers with the service for which Upsolar has begun to build a name," Enrico Carniato, Upsolar Italia General Manager, said. "We will continue to explore opportunities in promising PV markets around the world as we strive to expand our global presence."

About Upsolar

Upsolar is a leading international solar module developer and producer, offering the solar industry's best quality / price ratio in the global PV market. With vertically integrated, diversified manufacturing platforms, as well as an R&D-supported quality control management system, Upsolar produces high quality, reliable solar modules backed by a world-class warranty, at competitive prices. Headquartered in Shanghai, Upsolar has offices throughout Asia, Europe and North America to support an international customer-base, providing on-site technical support, customer service and product development teams. For more information, visit:



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