World Largest Solar Parking Project in the Kingdom of Saudi Arabia, at HQ of Saudi Arabian Oil Company (Saudi Aramco)

DHAHRAN, Saudi Arabia, April 1, 2011 - Belectric and Sun & Life are building the largest solar power plant of
Saudi Arabia in Dhahran. The 10 Megawatts Photovoltaic Carport System is
situated at the recently built North Park offices of Saudi Aramco in Dhahran
and will cover all of the 4,500 parking spaces. Belectric, world market
leader in Engineering, Procurement and Construction (EPC) of solar power
plants, executes the North Park Project in cooperation with Sun & Life,
Regional Solar Pioneer in the Middle East, a subsidiary of Acwa Holding,
Saudi Arabian Leader in developing private Power and Water generation
projects infrastructure and utilities projects. More than 120,000 CIS (Copper
Indium Selenide) photovoltaic modules will be installed, supplied by the
Japanese Thin Film Leader Solar Frontier (Showa Shell Sekiyu K.K.). Belectric
was awarded the project by the Saudi Arabia based company Al Yamama, the
project principal, building Saudi Aramco's Northpark complex including
offices and the carpark. Belectric and Sun & Life intend to enhance their
cooperation to a full scale joint venture in EPC contracting of solar power
plants, and manufacturing of Balance of System components in Saudi Arabia.

Belectric is known for its global track record and innovative design
providing best system performance at a very competitive cost for solar power
plants. "We are very proud to be awarded this project. The clear benefits of
the thin-film photovoltaic modules combined with our enhanced plant
technologies and project engineering are the contributing factors to drive a
solar power plant reliable and efficient under hot climate conditions", says
Bernhard Beck, CEO of Belectric. The large-scale power plant will produce
electricity and feed it in to the public grid by the end of 2011.

"Sun & Life is looking forward to work with Belectric not only to deliver
this Iconic project, but also to combine both Group's strengths and track
records to develop the solar energy industry, and localize Technologies in
the region. With the latest developments Solar and renewable resources become
one of the best choices for energy" says Abdullah Taibah, CEO of Sun & Life

About BELECTRIC:

Belectric is an international system integrator and manufacturer for
large-scale photovoltaic systems. With offices in 15 countries Belectric
offers customers worldwide its know-how and cost advantages achieved by a
common sourcing strategy and the expertise of the Belectric project managers
and engineers. Since 2010 Belectric is the EPC world market leader in
free-field and roof-mounted solar power plants and has built up over 120
free-field solar power plants and more than 2600 roof-mounted systems
worldwide in the last 9 years. In doing so, the company employs advanced and
innovative technologies, which are characterized by high energy yields,
reliable operation and low raw material consumption. In contrast to most
competitors, the company offers photovoltaic solutions from one source. From
planning to construction and operation and service, the photovoltaic systems
are realized without subcontractors. For further information please visit
www.belectric.com.

About Sun & Life:

Acwa Holding started this initiative five years ago, as part of its
vision, and drive to create sustainable development in the Energy mix. Its
subsidiary Sun & Life, is active in the fields of Technology development,
Manufacturing and Turnkey Solar EPC. The company's forward-looking and
sustainable growth have developed its Solar expertise, focusing on the most
appropriate technology to be deployed in harsh environments, and on producing
the highest yield at the lowest cost. Sun & Life over arching corporate goal
is to offer solar power at competitive prices in the long term and to create
a real alternative to local energy sources. www.sunandlife.com

Publication and reprint free of charge; please forward a sample copy to BELECTRIC Middle East Ltd., Injazat Building, office No 310, Mohamed Bin Zayed City, Abu Dhabi, United Arab Emirates; SUN & LIFE LLC, P.O Box 321, 11411 Riyadh, Saudi Arabia; Communications & Public Relations, Phone: +49(0)9385-9804-5710, Fax: +49(0)9385-9804-59710, Email: pr at belectric.com