German Solar Installations Double in 2010

SNEC PV Power Expo Shanghai

BERLIN and SHANGHAI, February 21, 2011 - Germany's solar market nearly doubled the previous year's
installations, with new systems in 2010 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 SNEC PV Power Expo in Shanghai at the German Pavilion
at stand W1-360F from February 22-24, 2011.

"Germany continues to confirm its standing as the largest
photovoltaic market worldwide. With record demand every year and growing
markets across Europe, it's not surprising that many of the world's biggest
players are located in Germany," according to Tobias Homann, Senior 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.

"Companies benefit from an experienced workforce and an
outstanding infrastructure of equipment suppliers, component manufacturers,
developers, banks and installers. Germany also provides direct access to the
world's largest PV markets and first-rate R&D institutes," Homann 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