Hareon Solar partners with SolarBridge Technologies to Develop AC Solar Modules for North America and Australia

Shanghai, China May 09, 2013

Hareon Solar Technology Co. Ltd. (Hareon Solar), one of the largest, vertically integrated PV companies in the world, announced today that it has signed a Memorandum of Understanding (MoU) with SolarBridge Technologies to jointly develop Hareon AC modules. Hareon plans to bring certified AC modules with integrated SolarBridge Pantheon II microinverters to markets in Australia and North America in the 2nd half of 2013.

Hareon AC modules will increase energy output by as much as 25% compared with DC systems, while cutting design and installation costs as much as 50%. A complete AC module solution from Hareon Solar will feature individual module-level monitoring through a multi-platform, web-based management system, providing installers total visibility into system performance. Paired with the Pantheon II – a 208V/240V auto-sense microinverter – the Hareon AC module will be suitable for single and three-phase installations.

With panel-integrated grounding and no high-voltage DC wiring, the Hareon AC module system will greatly increase system safety. A conventional PV system with central inverters can have rooftop DC voltages as high as 1000V. PV systems with Hareon AC modules will operate at each country's standard grid voltage.

Dr. Guoqiang Xing, CTO of Hareon Solar said, "Hareon Solar's AC modules will be instrumental in driving down the cost of residential and small commercial PV worldwide by offering our customers the most reliable and high performing AC solutions in the world, while lowering the overall system cost. We are pleased to be working with SolarBridge whose microinverter technology is key to Hareon AC modules."

"AC modules are the standard bearer for high-efficiency, reliable PV systems," said Ron Van Dell, president and CEO of SolarBridge Technologies. "Our partnership with Hareon, a leader in vertical integration, will help drive massive adoption through cost parity of ACPV systems worldwide."

About Hareon Solar

Hareon Solar Technology Co. Ltd., (Shanghai Stock Exchange: 600401) is one of the largest solar companies in the world. Hareon Solar, through its subsidiaries, designs, manufactures and markets solar cells and modules. Hareon employs over 10,000 people worldwide with solar cell manufacturing capacity exceeding 1.5 GW, module manufacturing capacity exceeding 1 GW, and is investing and operating solar plants over 200 MW globally. Hareon has international branch locations in US, Germany, Switzerland and Japan. For more information about Hareon Solar Technology Co., Ltd., please visit http://www.hareonsolar.com

About SolarBridge Technologies

SolarBridge Technologies, a leader in integrated microinverter technologies for the solar industry, is accelerating the adoption of solar energy in residential and commercial applications. The SolarBridge AC Module System—featuring the SolarBridge Pantheon II microinverter, Power Manager and Power Portal—dramatically increases the efficiency and reliability of PV systems, while reducing the cost of energy. The SolarBridge microinverter matches the lifetime of solar modules, enabling module manufacturers to provide a 25-year warranty on AC modules. The company is headquartered in Austin, Texas. For more information, visit http://www.solarbridgetech.com.