Upsolar Modules Qualify for 10 Percent Premium on Italian Feed-in Tariff

Company receives ‘Made in EU’ certification from certification authority ICIM

TREVISO – October 11, 2011– Upsolar, a leading international provider of solar PV
modules, today announced that the company’s products earned “Made in EU”
certification from the Institute of Industrial Certification for Mechanics (ICIM). This
approval immediately qualifies systems including Upsolar’s modules for a 10 percent
higher rate through Italy’s updated Conto Energia IV feed-in tariff (FiT) policy.

The conditions to obtain the 10 percent premium mandate that non-labor costs from
EU-made components constitute at least 60 percent of the total cost of the PV
system. Upsolar’s polycrystalline silicon modules qualify for “Made in EU”
certification through the incorporation of polysilicon wafers from a reputable German
manufacturer.

To achieve official recognition, both Upsolar’s manufacturing platforms and its
German supplier were subjected to rigorous factory and process inspection. All
certified modules will now display “Made in EU” insignias.

“We are especially proud to receive our certification from the ICIM,” said Giuseppe
D’Elia, Italy Country Manager of Upsolar. “Validation from this prestigious body goes
above and beyond in demonstrating to our Italian customers and financial partners
that Upsolar’s modules offer exceptional value.”

Upsolar guarantees exceptional module quality through its award-winning, vertically
integrated “Excellence at Each Step” approach. From the R&D stages through
commercial-scale production, Upsolar’s team of design, manufacturing and quality
control experts continually work to optimize the company’s processes to ensure
premium safety, reliability and performance for its customers around the world.

This announcement marks the latest initiative in Upsolar’s commitment in the
European market. In addition to building strong relationships through regional solar
organizations including the Italian PV Industry Association (GIFI), Upsolar recently
commissioned a 30 MW production platform in Braga, Portugal, where the local
economy now gains significant economic benefits from the new facility.

“The success Upsolar continues to yield in both emerging and established global
solar markets is the result of our commitment to meeting the varying needs of
regional customers through diligent local support,” said Zhe Jiang, CEO of Upsolar.
“Achieving ‘Made in EU’ status is a vital component to earning the lasting trust of
customers in Italy and throughout Europe, enabling them to take advantage of the
feed-in tariff rates with quality products.”

To view Upsolar’s ICIM certificate, please visit:
http://upsolar.com/it/products/certifications.aspx

About Upsolar

Upsolar is a leading international solar module developer and producer, offering the
solar industry’s best quality / price ratio in the global PV market. With vertically
integrated, diversified manufacturing platforms, as well as an R&D-supported quality
control management system, Upsolar produces high quality, reliable solar modules
backed by a world-class warranty, at competitive prices. Headquartered in Shanghai,
Upsolar has offices throughout Asia, Europe and North America to support an
international customer-base, providing on-site technical support, customer service
and product development teams. For more information, visit www.upsolar.com.

Media Contact

Lucy Chen
PR and Communication Specialist, Upsolar
+33 1 83 62 02 00
lucy.chen@upsolar.com

Kimberly Setliff
Antenna Group for Upsolar
+1 415-977-1942
upsolar@antennagroup.com

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