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S-Energy to Supply 74 MW of Solar Modules for Utility-Scale Projects in Colorado

S-Energy Co., Ltd. ("S-Energy" or "Company") (095910:KOSDAQ), South Korea's leading manufacturer of tier-one solar photovoltaic products, announced today it had reached an agreement to provide 74 megawatts (MW) of solar modules to juwi Inc. ("juwi"), a Colorado-based project developer and turnkey engineering, procurement and construction (EPC) firm specializing in solar energy plants.

The Company's modules will be utilized in utility-scale projects in Colorado.

Under the terms of this agreement, S-Energy will deliver the newly-developed SN-series modules manufactured in the Company's state-of-the-art facility in Daejeon, South Korea. One of the projects is expected to be among the U.S.'s first utility-scale photovoltaic system installations with a maximum system voltage of 1,500 V and is scheduled to break ground in the first quarter of 2016. Along with enhanced technology to eliminate potential-induced degradation (PID), S-Energy has made several additional improvements on the modules' overall performance to provide the highest quality and complete satisfaction to its customers.

"S-Energy has been continuously working with juwi's affiliates globally, including its parent company in Germany to build a strong foundation based on trust and reliability," said Mr. Sung-Min Hong, the Company's Founder and Chief Executive Officer. Hong also added, "We have had a very mutually successful relationship with juwi in 2015 in both U.S. and European markets, and we will strive to keep the bond strong for many years to come."

President of S-Energy America, David Kim, stated that "We have been very fortunate to be awarded the opportunity to supply juwi with our newest line of products. S-Energy has been very focused on helping the world move toward 100% sustainable energy and our projects with juwi certainly bring us closer." Kim then added, "We could not be more excited to have this opportunity to utilize our 1,500 V products for the first time in the U.S."

Since the decision in December to extend the ITC, the Company has been experiencing a significant increase in the demand for its non-AD/CVD products. S-Energy's strong financials and its reliable experience over the last 20-plus years are some of the many characteristics that help the Company stand out from the crowd, and will continue to focus on its specialty by providing high-quality solar modules to its customers in the U.S.

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