Gehrlicher Solar Expands to Mexico

Leading International Solar PV Integrator Expands North American Market Footprint

Springfield, NJ May 23, 2013


Leveraging its market leading international experience, Gehrlicher Solar announced the company's expansion into Mexico.

Based in Mexico City, the company will work closely with local developers, commercial customers, government agencies and the local utility, the Comisión Federal de Electricidad (Federal Electricity Commission) to engineer, procure and construct high performance PV systems specifically for the Mexican market. In addition, Gehrlicher Solar Mexico has the ability to work and assist its developer partners to reduce upfront investment, mitigate risk and shorten project timelines.

"After a rapid and successful entry into the US marketplace in the last two years, we are confident our high performance and low cost EPC business model will add significant value to our business partners in the Mexican market. We look forward to supporting Mexico's solar energy program via our heritage and international experience," said Stefan Parhofer, Chief Executive Officer for Gehrlicher Solar America Corp.

Supporting the launch into the Mexico market, Gehrlicher Solar America Corp. will participate as a silver sponsor in Mexico's leading renewable energy event, the 2nd Mexican International Renewable Energy Congress (MIREC) to be held on May 29th at the Camino Real Polanco Hotel in Mexico City.

Jesse Jones, Gehrlicher Vice-president of Finance and Development, will speak during conference on "Maximizing Mexican Potential: Lessons from Emerging Markets" on the subject of how to make the most of the Mexican solar energy potential and contribute to reach Mexico's renewable generation target of 20% by 2016 and 35% by 2035.

About Gehrlicher Solar America Corporation

Gehrlicher Solar America Corp. is the North American subsidiary of the leading international
photovoltaic system integrator based in Germany, Gehrlicher Solar AG. Since 1994, Gehrlicher has developed, financed, constructed and operated over 350 MWp of projects in almost 20 countries globally. Gehrlicher Solar America Corp. has its North American headquarters in Springfield, NJ, and specializes in the engineering, procurement, construction (EPC) and finance of commercial solar projects for its customers. In addition to its EPC business, GSAC operates a wholesale business which supplies solar modules, inverters, and proprietary components from our GehrTec® product portfolio to residential and small commercial installers. For further information, please visit http://www.gehrlicher.us.

About Gehrlicher Solar AG

Gehrlicher Solar AG is an internationally operating photovoltaics company based in Germany with subsidiaries and joint ventures in Brazil, the Czech Republic, France, Great Britain, India, Italy, Romania, Spain, South Africa, Turkey and the USA. Gehrlicher Solar employs around 250 staff worldwide and generated a total of EUR 323 million in sales in fiscal year 2011. The company, which was founded in 1994, develops, plans, builds, finances, and operates solar power systems to be mounted on the ground and on roofs – from private homes to multi-megawatt systems. In addition, it distributes solar modules and inverters as well as components from its own GehrTec product range. Gehrlicher Solar also plans, sets up and manages profit-oriented photovoltaic funds and private placement systems for private and institutional investors. Additional information at http://www.gehrlicher.com.

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