Talesun Solar to Deliver 32MW of Solar Modules to Alethea Cleantech Advisors in New Jersey

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New Jersey solar project developer to use top-quality and competitively priced solar modules from Talesun Solar for utility-scale projects

Talesun Solar USA, Ltd, the US subsidiary of Zhongli Talesun Solar, a globally positioned, premium producer of solar modules, today announced that it has signed a contract to supply solar modules to New Jersey-based solar developer Alethea Cleantech Advisors LLC. Under the terms of the agreement, Talesun Solar USA will deliver approximately 32 megawatts (MW) of solar modules during 2012.

Talesun Solar’s modules will be installed at three utility-scale ground-mount projects in the state of New Jersey. The projects will be interconnected to the PJM distribution grid and will utilize both the United States Treasury 1603 cash grant and New Jersey’s SREC market for project finance.

"We are proud to partner with Alethea Cleantech, a committed local leader in system integration as well as a specialist for medium-to-large-scale PV plants," stated Eric Ma, General Manager of Talesun Solar USA. "The new supply agreement with Alethea reflects the recognition of Talesun Solar’s top-quality and competitively priced products and Talesun Solar USA’s commitment to the US market. We hope to expand our relationship with Alethea and partner on future projects."

“We are very impressed by Talesun’s highly experienced management team, aggressive R&D program, and state-of-the-art fully automated manufacturing process”, said George Kotzias, Founder and Managing Partner of Alethea. “We look forward to building a long lasting partnership with Talesun as growth in the U.S. solar market continues to accelerate. Talesun is well positioned to meet the growing market demand for modules from Alethea and its many other customers.”

Construction of the utility-scale projects is scheduled to begin in late Q2 2012. The first system is expected to achieve commercial operation by end of 2012 with the remaining systems expected to come online shortly thereafter.

About Talesun Solar
Talesun is a globally positioned, premium producer of solar modules and cells for the consumer and industrial sectors. The company's 200,000m², fully automated manufacturing plant in the Chinese province of Jiangsu will reach a production capacity of 2GW by the end of 2012. Talesun has subsidiaries in Shanghai, Munich, and San Jose, CA to serve regional markets. For more information on Talesun Solar, please visit http://www.talesun.com.

About Alethea Cleantech Advisors
Alethea is a New York based developer of commercial and utility scale distributed solar power plants in North America with a contracted pipeline in excess of 91 MW under development. Alethea also offers services for ongoing project and SREC management. For additional information on Alethea, please visit http://www.aletheacleantech.com.

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Xu Chen

George A. Kotzias