TVUSD Awards SOLON Corporation 1.15MW Solar Contract in Tucson, Arizona

Power Purchase Agreement from SOLON Corporation Enables Schools to Benefit from Solar

Tucson, Ariz., June 18, 2012: SOLON Corporation, one of the largest providers of turnkey

solar power plants and photovoltaic (PV) products in the U.S., today announced it has
contracted with the Tanque Verde Unified School District (TVUSD) to build 1.15-megawatts
(MW) of photovoltaic (PV) systems in Tucson, Arizona.

The total system capacity for the TVUSD project, 1.15 megawatts (MW), is spread over 4
campuses of the Tanque Verde High School and Elementary School, the Emily Gray Junior
High School and the Agua Caliente Elementary School. These systems will be a combination of
shade structures and rooftop systems, and the outputs will offset a large portion of the daytime
energy requirements of each campus.

SOLON will engineer, design, construct, commission and maintain the operation of the systems.
SOLON will provide the energy produced by these systems to TVUSD through a 25-year power
purchase agreement (PPA). Under this form of ownership, TVUSD will be responsible only for
purchasing the solar electricity that the systems produce, and will enable the District to reduce
its operating expenses by saving money on its utility bills with no upfront costs required. As
utility rates continue to rise over the next 25 years, TVUSD will enjoy a low fixed rate for this
electricity, and the campus' students, staff and guests will benefit from the shade provided by
the structures. This program is helped made possible by the rebates provided by the local utility,
Tucson Electric Power (TEP).

"We are very pleased that our district will benefit in many ways from the installation of solar
energy systems," said Claire Place, member of the TVUSD Governing Board. "The idea to
implement a solar energy project as part of TEP's renewable energy rebate program began with
community input, and that initiative will positively impact our district and schools for many years
to come. The solar installations will bring cost savings, campus improvements and educational
opportunities to our students, staff and community. As the solar provider selected for this
project, SOLON has been very responsive to our district needs and specifications. We look
forward to our continuing partnership with them as we move through the installation and
integration phases of this project."

"SOLON has become a leading provider for solar solutions to the K-12 school districts in
Arizona by listening to our customers' needs," said Robert Wanless, Director of Business
Development for SOLON Corporation. "Understanding the unique requirements of a school is
essential to delivering a complete solution that will work for not only their energy needs, but also
will provide the optimal financing solution to maximize cost savings. SOLON has enjoyed
working with TVUSD to ensure the systems have been designed to be the most functional for
each campus."

These systems will be completed and fully operational later this year and early 2013.
About SOLON Corporation:

SOLON Corporation ( is a leading provider of utility-scale and large commercial photovoltaic

(PV) system solutions to the North American market. SOLON delivers complete and cost-effective turnkey PV
systems to its partners with a streamlined approach from project development, design and construction to
financing and operation. With NA headquarters in Tucson, AZ and offices in Phoenix and San Francisco,
SOLON is driven by a passion for innovation and a commitment to providing superior solar solutions with
unrivalled quality and reliability. Founded in 2007, SOLON Corporation is a subsidiary of the SOLON Group, a
leading international provider of solar solutions for residential, commercial and utility-scale applications. The
SOLON Group operates subsidiaries in Germany, Italy, and the U.S. with more than 600 employees worldwide.
For more information, visit

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