1

T

THE VALUE CHAIN FOR A SOLAR FUTURE

2

TRACK RECORD and MILESTONES

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

33 years in PV

3

Participates to the supply of modules for the experimental Delphos PV plant in the south of Italy. 30+ years later, Helios Technology’s modules are still performing over 80% of the initial power.

1986

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

1983

4

2.5 - TRACK RECORD and MILESTONES

Helios Technology produces ingots and wafers through a joint venture with a Russian company 1990

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

1983

5

Helios Technology merge with the stock listed Kerself Group and Traverso keeps his position as CEO and shareholder.

2006

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

1983

6

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

1983

Franco Traverso establishes Silfab SpA, a 110 USD Million Equity JV and launches the Project of a fully integrated PV value chain, starting from Polysilicon production.

2007

7

Silfab diversifies its activities: the first 9 MW solar parks with innovative design are inaugurated in Italy.

2009

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

1983

8

Traverso establishes Silfab Ontario, a fully automated PV module manufacturing plant with 150 MW/Yr capacity.

2010

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

1983

9

TRACK RECORD and MILESTONES

1981

1983

1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2012 2002

2014

HELIOS TECHNOLOGY ITALY

PV SYSTEMS AFRICA

JOINT VENTURE ITALY-RUSSIA SILFAB spa

ITALY

SOLARIS doo CROATIA

BRINDISI ITALY

KERSELF GROUP ITALY

DELPHOS ITALY

PV TECHNOLOGY TRANFERS INDIA

SWEDEN SOUTH AFRICA

SILFAB ONTARIO Inc CANADA BISON

ITALY

PV TECHNOLOGY TRANSFER

CHINA

GREEN TO GREEN NORTH AMERICA

SOLAR PARKS ITALY

ZEBRA CELL KONSTANZ

10

Silfab and ISC institute reach the target of over 21+ % efficiency on the “Zebra” IBC cell. 2012

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

1983

11

1981 1990 1999

2000 1986 1995 2006

2007

2008

2009

2010

2014

2012

2002

1983

•  Traverso starts manufacturing BISoN • >20% efficiency bifacial cells and modules

2014

FF

12

THE BISoN MODULE

COO of BISoN and ZEBRA Vs Others

13

ingot resistivity

15

HOW TO REDUCE C2M LOSS ??

confidential and proprietary information

The Value Chain for a Solar Future

•  Engineering competences and management capability are present in the following areas:

COMPETENCES and KNOW HOW

o  Polysilicon

o  Modules

o  Turn Key Systems

o  Ingots

o  Wafers

o  Cells

16

o  Components

confidential and proprietary information

The Value Chain for a Solar Future THE GRID PARITY ROAD MAP

Cost of 1 KW/h from PV-source = Cost of 1 KW/h

from conventional sources

17

It is reached when :

confidential and proprietary information

The Value Chain for a Solar Future TIME TO GRID PARITY (U.S. example)

0,05  

0,10  

0,15  

0,20  

0,25  

0,30  

2006   2007   2008   2009   2010   2011   2012   2013   2014   2015   2016   2017   2018   2019   2020  

source: FT

Leve

lized

Cos

t of

Ene

rgy

($/k

Wh)

18

LCOE

(LCO

E) 5% CAGR

LCOE WITH BIFACIAL MODULES

MegaCell Line

19

20

21

+ 30 TO + 50 % ANNUAL ENERGY INCREASE VS STD MODULE

O&M points of attention: KAUST experience KAUST (King Abdullah University of Science and Technology) has been set-up by Saudi Aramco and it is located in Jeddah. KAUST installed a 10 kW PV test plant in Jeddah using crystalline modules + a 2.0 MW off-grid on its rooftop, using crystalline modules by XXX. First results on the PV test plant. -Dust impact on production: - 8/-15% per month -3 months without cleaning the dust: -30/-40% production vs regularly cleaned panels - 1 year without cleaning the dust, panels installed bifacial E/W with tilt=90°: no reduction on production - 2 months without cleaning the dust: 30% of panels’ surface covered (12.5 g/cm2/month) - Dust storms may reduce production up to 60% -Frameless is better -High cleaning costs: 55 k$/y for their 2 MW PV plant (i.e. 22 k€/MW/y)

22

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T Thanks for your attention

www.megacell.it

Contact: f.traverso@megacell.it