The electricity generated will be sold to California utilities under the state’s Power Purchase Agreement for Small Renewable Generation “Feed-in Tariffs” Program

SAN FRANCISCO (US)

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Aide Solar (http://www.aidesolar.com/) a large-scale producer of photovoltaic modules and a subsidiary of the Panjit Group, has announced that it will be working with Folium Energy as the solar module supplier for a 150MW solar power project for California utilities under the state’s Power Purchase Agreement (PPA) for Small Renewable Generation “Feed-in Tariffs” program. The distributed generation guidelines stipulate that each site generate a minimum of 100KW but not exceed 1.5MW of solar power.

Folium’s plans involve a portfolio of ground mount installations at 710 different solar distributed generation sites located in 35 different counties throughout California. Distributed generation is a popular method of producing electricity with small efficient power plants located at or near manufacturing facilities, universities, hospitals or communities. Installations will begin in Q4 of 2011 and is projected to be completed in one year.

“The projects will be broken into phases based on the pre-construction development work required at each site,” said Brad Stutzman, vice president, Operations, Folium Energy. “The first phase of the project will total 15MW of power with development activities beginning immediately.”

Folium Energy is an independent power producer, PPA, and late stage developer whose focus is in renewable energy. The company specializes in developing, financing, constructing, owning and operating solar and wind energy production facilities. Facilities range from small distributed generation to utility scale projects located across North America.

“Our agreement with Folium Energy for this distributed generation project in California is a big first step in establishing a long term relationship,” said Raymond C. Wiley, director, Aide Solar, U.S.A. “We are discussing a pipeline of solar projects throughout the U.S. as well as a wind project which involves our storage technology.”

Representatives from Aide Solar and Folium Energy will be in attendance at Intersolar America, Moscone Center, San Francisco, July 12-14, 2011. Intersolar is the most diverse international business-to-business trade show in the United States for the global solar industry.

Hikari Solar, a company focused on integral efficient energy solutions and renewable energy products and services, is the authorized partner for Europe, Latin America, Africa and the Middle East of industrial Panjit Group and its subsidiary Aide Solar.

About Aide Solar

Founded in 2003 and part of global and leading Panjit Group, Aide Solar, through its state-of-the-art PV technology, delivers top quality, highly efficient and reliable cells and modules. The company, in permanent search of industrial excellence, has the most demanding quality controls and covers all certifications and guarantees required by the market. Based in Xuzhou City, China, and with offices in Taiwan, Spain, Germany, Italy and USA, Aide Solar has more than 2,800 employees worldwide and sales of 314 million USD (2010).

More information about Aide Solar at www.aidesolar.com

About Hikari Solar

Hikari Solar provides integral efficient energy solutions and renewable energy products and services combining solar PV, wind power generation, storage batteries, LED lamps and charge controllers. The company is focused on satisfying its customer’s needs, supporting them along the whole life cycle of their projects. Hikari Solar is the authorized partner in Europe, Latin America, Africa and the Middle East of global and leading industrial Panjit Group, a 25 years experience organization in the semiconductor and renewable energy industries.

More information about Hikari Solar at www.hikari-solar.com