Shanghai Electric fully supports Manz Group in the development of advanced solar energy technology

Shanghai, China, May 24, 2016 – Shanghai Electric values Manz's ability to provide state-of-the-art technology and production equipment solutions in the fields of batteries, consumer electronics and solar energy, and has reached a strategic and equity agreement with Manz to explore various market sectors, and has recently become one of
the major investors by participating in Manz's additional offering.
In addition, Shanghai Electric will invest its resources in all aspects to fully support Manz in the development of advanced technologies
in various fields.
At present, it is imperative to help expand the value of localization through Manz's advanced technology and intellectual property in technology, and the two parties can achieve the effect of resource multiplication through strategic cooperation
.

Dieter Manz, Founder and CEO of Manz, said: "Manz has been greatly recognized in the global market, and we have advanced and mature technologies in various fields, especially in the field of CIGS thin-film solar energy, which is unique in the world, rich experience in mass production and supported
by ZSW's most authoritative research institutions.
We believe that the addition of Shanghai Electric, with its forward-looking business insights and strong local resources in all aspects, is an excellent partner to assist domestic customers to achieve continuous improvement and industrialization of CIGS components, and is also the cornerstone
for both parties to create a win-win situation.
" ”

According to the 13th Five-Year Plan formulated by the Chinese government, China will add 15 million kilowatts to 20 million kilowatts of photovoltaic power generation every year, continuing to maintain the strongest growth
in the world.
As the most important renewable energy source in the 21st century, the development and utilization of solar energy has become an important strategy
for China's sustainable development.
In order to achieve sustainable development of the domestic energy industry, the Chinese government actively encourages photovoltaic power generation companies to cooperate with overseas companies to improve technical capabilities, and puts forward three major indicators
for solar power generation technology innovation, including localization rate, efficiency and cost.
Manz leads the industry with a production cost of RMB 2.
5 per watt and a power generation cost of RMB 0.
35 per kWh
.

In addition, at present, China's CIGS technology development is facing challenges, mainly reflected in weak basic research, lack of national research platform, insufficient technical reserves, coinciding with the expansion of market scale, insufficient momentum for technological progress and industrial upgrading, which is the problem restricting development
.
Manz has 40 years of industry experience and advanced manufacturing technology, and China currently has no national research center comparable to ZSW, once Manz CIGSfab (CIGS Solar Cell Production Equipment Whole Plant Solution) is implemented in China, it will be able to fill the industrial gap
.
Manz provides CIGS core intellectual property and technology, hoping to deepen the advantages of localization in the Chinese market and realize CIGS localized production
.
It is hoped that under the "Belt and Road", cooperation in the international market of solar photovoltaic power generation and heat utilization industry will be strengthened
.

As the world's only turnkey manufacturer of CIGS solar module production equipment solutions that can meet mass production requirements and sustainably make profits, Manz has exclusively cooperated with ZSW (renowned research institute of the Tenberg Solar and Hydrogen Research Center in Baden, Germany), the world's largest CIGS technology research team, to draw on its most forward-looking technology 22% laboratory efficiency to help China rapidly improve the efficiency and technology
of CIGS.

With the most experienced CIGS team in the solar industry and an exclusive partnership with ZSW, Manz is not only the world's only CIGS thin-film solar module production equipment turnkey solution leader, but also the world's most experienced company
.
Customers can test new materials and processes in an environment similar to their production setup via Manz's CIGS innovation line in Germany before placing an order, ensuring the customer's investment
in large-scale production.
Choosing Manz means choosing a most powerful and reliable partner
.
The advantages of Manz's CIGS solar cell production equipment solution include: 1.
Lowest production cost: less than 2.
5 RMB per watt; 2.
The highest mass production efficiency: the average guaranteed component efficiency has reached more than 14.
6%, which is the turnkey production line with the highest efficiency (components and light-receiving area) today; 3.
There is still huge potential for significant improvement in efficiency: this is based on ZSW's world-class battery setting a high efficiency of 22% in glass substrates, and the conversion efficiency of modules is a record 16%; 4.
Create the highest local value: CIGS components are manufactured on a fully integrated production line, minimizing the use of high-cost materials, greatly simplifying the complexity of component production, and achieving the goal of localized production in China; 5.
Highest ROI: CIGS production lines with less than 200 MW annual output can make production profitable, and the customer success case has verified the return on investment of more than 15
%.

Based on the above advantages, Manz can help Chinese customers reduce production costs and create local value by: 1.
using local materials for production; 2.
Use equipment made in China to reduce the cost of factory construction; 3.
Integrate and simplify process technology; 4.
Establish a knowledge system
for local engineers and operators.

In order to showcase the most advanced solar production equipment solutions in Manz Group, Manz participated in the annual photovoltaic event "SNEC Shanghai International Solar Energy Industry and Photovoltaic Engineering Exhibition", driving the industry trend
with the most advanced CIGS technology.