Powerway South Africa & Shoals Technologies Group Sign Strategic Alliance Agreement for South Africa Photovoltaic Market

Powerway and Shoals will work hand in hand to provide local solutions to EPC's and solar farm developers in the South African and the Sub-Saharan market.

August 2013 - Shoals Technologies Group, the global leader in photovoltaic OEM and balance of systems components, and Powerway Renewable Energy, one of the world's leading suppliers of mounting structures,and System Integrator, proudly announce the signing of a strategic alliance agreement with the long-term perspective to jointly develop the photovoltaic market in South Africa and other countries in the African continent.

Through the strategic alliance Shoals Technologies Group and Powerway Solar Solutions South Africa have established a joint venture enabling the production of Shoals' industry leading balance of systems components, at a newly acquired state of the art facility in Coega, Port Elizabeth, South Africa.

"Powerway is one of the leading suppliers in the PV industry's emerging markets, and has over the last two years established a strong footprint in South & Sub-Sahara Africa. We have been considering an alliance in the African market with a partner who has the technical know-how, market exposure, as well as BBBEE Credentials.

I am excited to launch this new alliance with Powerway as it will enable the production and supply of our BOS components to the booming South African market in accordance with local content requirements." Said Mr. Dean Solon, President & CEO of Shoals Technologies Group.

"Powerway is committed to offer the market in South Africa a one stop solution, supplying PV power plant projects with solutions in a cost effective way; also assuring customers of acquiring the highest local content level. Powerway has now partnered with Nari, JA Solar, and is now proud to be associated with Shoals, the world's leading BOS manufacturer.

We are now a total solution provider to the solar industry in South Africa", said Mr. Benson Wu, CEO of Powerway Group.

Powerway and Shoals will work hand in hand to provide local solutions to EPC's and solar farm developers in the South African and the Sub-Saharan market, allowing PV power plant investors to increase their local content level; together with the assurance of high quality products.

About Shoals Technologies Group

Shoals Technologies Group is a leading manufacturer of balance of systems solutions. Through innovation and diversification Shoals has grown exponentially since its founding in 1996. With over 15 GW+ of BOS products deployed globally, Shoals maintains a diverse portfolio of PV balance of systems products, including, combiner/re-combiner boxes, disconnecting combiner boxes, custom harnessing solutions, junction boxes, PV wire, in-line fuses, racking and PV monitoring solutions. Additional information is available at www.shoals.com.

About Powerway

Powerway, one of the world's leading suppliers of mounting structures and a professional PV system integrator , has set up a South African production facility based in Boksburg & Durban, producing Solar Tracker and Fixed Tilt Mounting Structures, and will start module production and more PV related products at its' newly acquired facility at Coega in Port Elizabeth. Powerway has built up a strong network with project investors, and has achieved the highest BBBEE credentials. Additional information is available at www.pvpowerway.com.

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