海 润 光 伏 Benefit for All 2012.12
Hareon Solar Hareon Solar Technology Co. Ltd (Hareon) devotes its efforts to developing green and clean renewable energy sources. It is a fully integrated solar company exhibiting prowess throughout the industry value chain, renowned for the quality of its production and services. Hareon, as one of the largest silicon cell and module production enterprises in China, is focused on high-end research and development, producing and selling silicon ingot, block, wafer, cell and solar modules that exceed customer expectations. Hareon is a major developer of high quality solar plants providing long term sustainable returns to serious investors.
Long Term Solar Player - established 2005 Financial Strength Chinese Public Company (Shanghai Stock Exchange (SSE#:600401). Size - Largest Chinese Solar PV company. Market Cap USD 1 billion.
Strategy Development SUCCESSFUL EXECUTION OF BUSINESS STRATEGY 2005 Take a leading position in production of mono-crystalline wafer. 2008 Enter the multi-crystalline wafer and module market. 2010 Take the leading position amongst Chinese Solar Cell Producers Position as one of the largest solar PV manufacturers in China Take a leading role in solar PV R&D. 2011 Become the manufacturing partner of Global Brands BP Solar, Schott, Schueco Develop the concept of Brand Behind the Brands. 2012 Successful Public Listing. Position globally as a leading developer of utility scale solar projects.
Management Team Chairman Mr. Xiangdong Ren Chairman of Hareon Solar Technology Co., Ltd. (SSE: 600401) and the executive director in Jiurun Piping Co., Ltd. Jiangyin. More than 20 years of business management and successful entrepreneurs experience, and was awarded the title of Model Factory Director of Wuxi in 2007, the fourth time Young Model Entrepreneur in Wuxi and Model Factory Director of Wuxi in 2008, and was elected as the Member of 13th CPPCC in Jiangyin and counselor of the Association of Renewable Energy Industry in Jiangsu CEO Mr. Samuel Yang President, Chief Executive Officer and member of the board of Hareon Solar Technology Co., Ltd. (SSE: 600401). A leader of the China PV industry. Founder of many PV companies, such as Suntech Power Co., Ltd. (STP.NYSE), China Sunergy Co., Ltd. (CSUN.NASDAQ), JA Solar Holdings Co., Ltd. (JASO.NASDAQ). COO Dr. Qingtang Jiang Expert in the field of photovoltaic and has published 23 papers and industrial publications. Holds 12 American patents and 4 Chinese patents. Served in many companies including Texas Instruments Inc., American National Semiconductor and American Siliconix Inc. responsible for technical research and operations. Previously held Senior Operations Officer positions at Huahong NEC and Zhongxin International (00981.HK,NYSE:SMI), before becoming CTO and Vice COO JA Solar Holdings Co., Ltd. prior to joining Hareon.
Market Capitalisation 2500 Market Capitalisation of Major Global Solar Companies (million USD) 2000 1927 1500 1000 966 726 Hareon Global No. 2 and rapidly growing Hareon No. 1 in Crystalline Si Technology Hareon No.1 of Chinese Companies 635 500 357 259 218 174 156 0 FirstSolar Hareon Sunpower MEMC Trina Yingli SolarWorld JA Solar Suntech SunEdison AG Power
Capacity ( PHOTON ) 0 500 1000 1500 2000 2500 Suntech Power First Solar JA Solar Yingli Green Energy Trina Solar Motech Canadian Solar Hareon Solar SunPower Hareon No.8 Position in 2011 Top 5 Position expected in 2012 (Table shows Cell & Modules) Gintech Production in 2011(MW) Production in 2010(MW) SOURCE: PHOTON INTERNATIONAL 2012
Sales Revenue Shipments(MW) Revenue(billion RMB) 800 700 700 8 7 7.13 600 500 400 416 500 498 6 5 4 3.38 300 3 200 100 0 85 0 20 116 2 1 0 1.08 Cells Modules 2009 2010 2011 2009 2010 2011 2012E 2009 2010 2011
Products & Capacity Polysilicon Wafer Solar Cell Solar Module Solar System Wafer Cell Module Project* 2010 Capacity 380MW 270MW 160MW 2011 Capacity 498MW 1207MW 560MW** 2012 Forecast 533MW 1510MW 1080MW * Actual grid connected. ** Hareon module capacity only. This excludes the additional 300 MW JV with Schott Solar *** Solar Project 124.2MW is now operating, 229.6MW under construction. Please see details @Solar Projects
Manufacture Sites Hefei Cell Taicang Cell/Module / R&D Center Jiangyin Xinqiao Cell/Module Jiangyin Huangtang Wafer/Module
Research & Development October,2010 November, 2011 Hareon R&D becomes a Provincial Solar Cell Project Center approved by Jiangsu Development and Reform Commission. Hareon R&D is approved as National United Engineering Research Center with high efficiency solar cell by NDRC. R&D Team MS 34% BS 31% PH.D 15% Others 20% Hareon invested 2 billion RMB to build R&D center, with world leading equipment. The R&D center has more than 70 employees of which 80% hold Bachelor Degrees or above.
Sales Network Hareon (Germany) Solar Power Co., Ltd. Hareon (Japan) Solar Power Co., Ltd. Hareon Solar USA Corp. Hareon Solar has sales network covered all over the world, products are being exported to Germany, Spain, Italy, France and other European countries as well as the United States, Korea, India, Australia, Japan and other emerging photovoltaic markets. In the United States, Germany, Switzerland, Italy, South Korea, Japan have set up branches, and established 12 wholly-owned or invested solar project firms national wide and abroad.
Product Types Cells Modules Solar Projects
Products-Cell Fine line printing plus SE technology High Efficiency and Low Cost Solar Cells Non contact printing technology Back point contact and good passivation technology MWT and EWT high efficiency solar cells Advanced texturing technology Back contact high efficiency Solar cells
Products-Modules Develop new materials (ARC glasses, EVA, etc.) for better performing modules High Performance Module Effectively reduce cell-to-module power loss Develop new module technologies for advanced cells
Products-Modules 90% power output in the first 12 years after sale 80% power output in total of 25 years 10-year guaranty for materials and workmanship of all modules sold
Products-Solar Projects Module Sales Solar Projects
Solar Projects-Module Sales Module Sales Location: Agugliano, Italy Construction Time: 2010 System Type: Ground Module Type: Multi 220W System Size: 0.88MW Partnership: RENCO S.p.A.
Solar Projects-Module Sales Location:Germany Construction Time:2010 System Type:Ground Module Type:Mono 180W System Size:132KW Partnership:DOMUILUX Leuchten GmbH Location :Germany Construction Time :2010 System Type :Ground Module Type :Multi 230W System Size :2.2MW Partnership :P+M Location :Albuquerque New Mexico Construction Time :2010 System Type : Ground Module Type :Multi 220W System Size :2.50KW Partnership : :Nicor Solar Location :Germany Module Type :Mono 180W System Size :7.2 KW Location : Tarranto, Italy Construction Time : 2009 System Type : Ground Module Type : Mono 180W System Size :1.05MW Partnership :Finsolare.r.I Project Location :Rotthalmünster, Germany Construction Time :2009 System Type: Ground Module Type :Mono 175W System Size :1.5MW Partnership : :EEPro GmbH Location :Singleton NSW Construction Time :2010 System Type :Ground Module Type :Mono 185W System Size :10KW Partnership :Sunarise Location NSW Module Type :Mono 185W System Size :1.5 KW Location :NSW Module Type :Mono 185W Partnership : :3KW Location :NSW Module Type :Mono 175W Partnership : :5KW Location :Victoria Module Type :Mono 185W Partnership : :2.2KW Location :NSW Module Type :Mono 170W Partnership : :10.2KW
Products-Solar Projects Module Sales Solar Projects
Strategy-Solar Projects Diligence, A Commitment to Quality & Performance, Strong Partners High Quality Materials Trusted Brands Optimisation Of Design TUV, ABB Long-Term Investment Grade Assets Large Scale PV Park Construction Experience Conecon Insurance, Assurance & Risk Assessment - Allianz Project Management & Quality Processes TUV, ILB-Helios Back Funding contact Strength high efficiency Hareon, China Solar cells Development Bank, Sinosure
Partners
Products-Solar Projects Solar Projects Location System Size (MWp) Under Operating Construction Total China 20.4 170 190.4 Italy 13.08 / 13.08 U.S.A / 0.5 0.5 Bulgaria 90.68 / 90.68 Romania / 59.1 59.1
Solar Projects Cases Pobeda, Bulgaria 50.61MW Location Investment Partner Land Size System Type Power Company EPC Partner Dolna Mitropolia, Bulgaria (Pobeda) Hareon(Switzerland) holding corporation 101,7 hectare Ground NEK ABB, Conecon Construction Period December 2011 May 2012
Solar Projects Cases Cherganovo, Bulgaria 29.30MW Location Investment Partner Land Size System Type Power Company EPC Partner Kazanluk, Bulgaria (Cherganovo) Hareon(Switzerland) holding corporation 60 hectare Ground NEK ABB, Conecon Construction Period April 2012 June 2012
Solar Projects Cases Kolarovo project, Bulgaria 5.88MW Location Investment Partner Land Size System Type Power Company EPC Partner Glavinitsa, Bulgaria(Kolarovo) Hareon(Switzerland) holding corporation 17.4 hectare Ground EON ABB, Conecon Construction Period December 2011 March 2012
Solar Projects Cases Karlovo project, Bulgaria 4.89MW Location Investment Partner Land Size System Type Power Company EPC Partner Karlovo, Bulgaria Hareon(Switzerland) holding corporation 13.6 hectare Ground EVN EEPro GmhH Construction Period October 2011 December 2011
Solar Projects Cases Cassano, Italy 13.08MW Location Investment Partner System Type Power Company EPC Partner Cosenza Calabria, Italy Hareon Solar GMBH Green House ENEL Greenvision Ambiente Photo-Solar Srl Construction Period September 2011 March 2012
Project Pipeline 1GW U.S.A. 84 MWp Germany 67 MWp Italy 110MWp Romania 180 MWp Japan 12 MWp U.K. 40 MWp China 300 MWp Ecuador 50 MW South Africa 86 MWp India 100 MWp Australia 32 MWp
Key Takeaways Hareon is a Chinese Public Company listed on the Shanghai Stock Exchange. Market capitalisation exceeds USD 1 Billion. Hareon sales place them in the Top 5 of global players. Hareon is a fully integrated player from silicon to power generation. In 1 year Hareon has established itself as one of the world s largest solar PV project investors and developers. Investments exceed EUR 200 million. Hareon success is the strength of its management team and its people. This has been driven by diligence, commitment and generating trust with partners.
Key Takeaways Hareon has formed strong partnerships with global brands an example being the 300 MW joint venture with Schott Solar. Discussion continue with other major brands. This commitment to customers resulted historically in less recognition of the Hareon brand. Hareon has forged strong relationships with institutions such as Allianz and the China Development Bank (CDB). Only Hareon has an Allianz approved manufacturing facility in China. The CDB continue to place trust in Hareon management with funding execution during the PV downturn. Hareon is committed to the delivery of large scale solar projects that meet investor and grid operator expectation for life, performance and returns.
Benefit for All Hareon Solar ensures success by maintaining the core values of Loyalty, Integrity, Practicality, and Persistency. Hareon dedicates its effort to the realization of green energy and the development of renewable energy to benefit all generations.
THANK YOU 海 润 光 伏 科 技 股 份 有 限 有 公 司 Hareon Solar Technology Co., Ltd. Huangtang Industry Zone Xuxiake Town 214407 Jiangyin, Jiangsu P.R. China Tel:+86 510 86530222 Fax:+86 510 86530828 www.hareonsolar.com