German Solar Installations Double 2010 Target

Expo Solar and PV Korea

BERLIN and GOYANG, South Korea, February 15, 2011 - Germany's solar market doubled targets in 2010, with new
installations totaling over 7 GWp and accounting for approximately half of
the world market. This has led to the recently announced feed-in tariff cuts
set for mid-2011, which reflect lower system prices and puts Germany closer
to grid parity. With this level of demand attracting foreign investors,
representatives from Germany Trade & Invest will be at this year's Expo Solar
and PV Korea from February 16-18, 2011.

"Germany continues to confirm its standing as the largest
photovoltaics market worldwide. With record demand every year and growing
markets across Europe, it's not surprising that the world's biggest players
are all located in Germany," according to Tobias Rothacher, Manager for
Photovoltaics at Germany Trade & Invest in Berlin.

Currently there are over 17 GWp of photovoltaic installations
across Germany, which is approximately half of all installed solar capacity
worldwide. The industry posts an annual turnover of approximately EUR 10
billion and employs over 133,000 workers, making it one of Germany's most
important industries.

"Companies benefit from an experienced workforce and an
outstanding infrastructure of equipment suppliers, component manufacturers,
developers, banks and installers. These advantages are sure to further
strengthen Germany's attractiveness as an investment location," Rothacher
continues.

Germany Trade & Invest is the foreign trade and inward
investment promotion agency of the Federal Republic of Germany. The
organization advises foreign companies looking to expand their business
activities in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.

    Germany Trade & Invest
    Andreas Bilfinger
    Email: andreas.bilfinger@gtai.com
    T: +49(0)30-200099-173
    F: +49(0)30-200099-111

Germany Trade & Invest, Andreas Bilfinger, Email: andreas.bilfinger at gtai.com, T: +49(0)30-200099-173, F: +49(0)30-200099-111