WINAICO COMPANY PROFILE

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1 WINAICO COMPANY PROFILE

2 WINAICO CORE COMPETENCY TECHNOLOGY INNOVATION PROVEN QUALITY AND PERFORMANCE PROJECT REFERENCES OVERVIEW

3 WINAICO CORE COMPETENCY

4 WINAICO CORE COMPETENCY GLOBAL PRESENCE OF WINAICO ο Established: 2003 ο Capital: USD 20 million ο Employees: 330 Netherlands Denmark UK Germany USA Japan Taiwan HQ Australia

5 WINAICO CORE COMPETENCY PRODUCTION LINE DESIGNED FOR CONSISTENT HIGH QUALITY + WINAICO means quality We only uses high quality Taiwanese cells to build modules, and each cell is sorted for power then screened under Electroluminescence to minimize long term failures + Highly automated production line Automated soldering produces uniform solder joints and very low Rseries for higher energy performance in the field Automated lay up and lamination for consistent quality and eliminate thermal encapsulation of foreign particles Automated stringer

6 WINAICO CORE COMPETENCY PRODUCTION LINE DESIGNED FOR CONSISTENT HIGH QUALITY + Automated pneumatic framing To ensure consistent quality of framing and good long term reliability + High resolution EL simulators WINAICO uses EL simulators with the highest measuring accuracy, and stringent, TUV calibrated, power standard to make sure power outputs always meet customer expectations + Best in the market packaging Specially designed packaging to prevent micro-cracks during transport and handling errors, with solid wooden pallets that are environmentally friendly Automated pneumatic framing

7 WINAICO CORE COMPETENCY ELECTROLUMINESCENCE TESTS + A unique EL picture is generated for each panel to give customers the security of knowing every panel is micro-crack-free before leaving the factory If any micro-crack is present before the modules leave the factory, they can become hot spots and huge reliability issues when exposed to sunlight

8 WINAICO CORE COMPETENCY WORLD CLASS RELIABILITY TEST LAB + An industry compliant lab to ensure world class production quality The internal test laboratory is periodically used to make sure the quality of production modules is beyond the German TÜV standards + Complementing the internal test lab with third party laboratories, we qualify our modules through rigorous reliability tests + Gel Content test + Thermal Cycle test + Damp Heat test + Insulation Resistance test + Wet Leakage Current test + Hi-Pot test + Peeling test Thermal Cycle test + Mechanical Load test + Dynamic Mechanical Load test Dynamic Mechanical Load test

9 WINAICO CORE COMPETENCY MODULE RELIABILITY EVALUATED TO 3X INDUSTRY REQUIREMENTS + We build modules with industry leading reliability New combinations of module Bill of Materials (BOM) are tested to three times IEC requirements to achieve market leading reliability and lifetime Reliability Tests IEC WINAICO Thermal Cycle Test -40 C to +85 C 200 cycles Damp Heat Test 85 C/85% RH 1000 hours -40 C to +85 C, 600 cycles Pmax degradation check EL inspections to check for micro-cracks 85 C/85% RH, 3000 hours Pmax degradation check EL inspections to check for micro-cracks Salt Mist Corrosion Test X O Ammonia Corrosion Test X O

10 WINAICO CORE COMPETENCY EVALUATION OF LONG TERM RELIABILITY OF MODULE SEALANT + Tape is the chosen sealant for WINAICO modules based on DH1000 reliability tests DH1000 reliability tests showed modules with tape as sealant are less prone to dry resistance degradation than modules using silicone Sealant Initial resistance (GΩ) Resistance after DH1000 (GΩ) Tape % Silicone % Wet resistance degradation Percentage change Sealant Initial resistance (GΩ) Resistance after DH1000 (GΩ) Tape % Silicone % Dry resistance degradation Percentage change

11 WINAICO CORE COMPETENCY PERSONAL ATTENTION TO OUR CUSTOMERS + Specialists in installer relationships We specialize in selling directly to qualified, professional installation partners + Quality control By working directly with installation companies, WINAICO are able to ensure our products are sold and installed correctly by trained professionals, who value our quality products + Training and seminars Not only do we offer training to our partners but we also provide exceptional levels of support and aftersales services

12 TECHNOLOGY INNOVATION

13 TECHNOLOGY INNOVATION WINAICO S PATENTED HEATCAP TECHNOLOGY ο WINAICO s patented HeatCap technology aims to strengthen Si-based solar cells and improve reliability against micro-cracks ο HeatCap is consisted of a layer of silicon carbide (SiC) printed on the back of each solar cell Cross section of HeatCap HeatCap No HeatCap

14 TECHNOLOGY INNOVATION MICRO-CRACK SUPPRESSION ANALYSIS BY CELL STRENGTH TESTS ο Cell-level mechanical strength tests were performed to HeatCap cells and reference cells ο The results of the investigation showed HeatCap was able to improve the strength of solar cells up to 18.12% against forces perpendicular to the bus bars Test equipment Force is applied perpendicular to bus bars Solar cell types Ultimate stress (gf) Strength improvement HeatCap No HeatCap Monocrystalline % Polycrystalline %

15 TECHNOLOGY INNOVATION MICRO-CRACK SUPPRESSION ANALYSIS BY MODULE ML TEST ο ITRI executed mechanical load (ML) and dynamic mechanical load (DML) tests on HeatCap and reference modules to prove HeatCap s micro-crack suppression capability ο In the ML test up to 8600 Pa, there was no obvious micro-crack in the EL picture of HeatCap module Initial 8600 Pa Power loss HeatCap 0% No HeatCap 1.01%

16 TECHNOLOGY INNOVATION MICRO-CRACK SUPPRESSION ANALYSIS BY MODULE DML TEST ο In the DML test up to 4000 Pa, HeatCap module equally outperformed the reference module in reliability, and showed no seriously cracked cells Initial 4000 Pa Power loss HeatCap 0.175% No HeatCap 2.32%

17 TECHNOLOGY INNOVATION HOT SPOT REDUCTION ANALYSIS ο ITRI s local hot spot test simulated the appearance of hot spots in field defects Hot spots can be created by micro-cracks or contaminated solar cells ο The HeatCap cell was more than 7 C cooler than the normal solar cell due to better heat conduction of HeatCap technology, improving reliability against hot spots ο The better thermal performance is also beneficial to the application with black back sheets, where heating has been a common cause for performance reduction Normal solar cell HeatCap solar cell

18 TECHNOLOGY INNOVATION LEADER IN MONO SILICON SOLAR CELLS + Industry leading solar cell technologies PERC HJT IBC Efficiency 24% 23% 22% 21% 20% 20.5% p-type mono 21.0% 20.8% n-type mono 22.0% 21.0% 23.0% 23.5% 19% Year

19 TECHNOLOGY INNOVATION LEADER IN MODULE TECHNOLOGIES + Light Capturing Ribbons (LCR) + Better transmittance EVAs + More reflective backsheets Transmittance (%) Backsheet Wavelength (nm)

20 TECHNOLOGY INNOVATION LEADER IN 48-CELL MODULE OUTPUT + Industry leading 48-cell module output p-type mono (48 cells) Power Output (W) n-type mono (48 cells) Year

21 TECHNOLOGY INNOVATION LEADER IN 60-CELL MODULE OUTPUT + Industry leading 60-cell module output p-type mono n-type mono Power Output (W) Year

22 TECHNOLOGY INNOVATION LEADER IN PRODUCT DESIGN + Safety State-of-the-art L-Key design of WSP series enhance module strength and safety to installers + 12 year product warranty Improved strength of WSP frames lead to longer product warranty + Performance Special Al frame design for WST series improve grounding continuity and thermal dissipation

23 PROVEN QUALITY AND PERFORMANCE

24 PROVEN QUALITY AND PERFORMANCE DESERT KNOWLEDGE IN AUSTRALIA ο The output of WINAICO modules have remained consistent while other top tier modules degraded over the years The study shows that WINAICO is the best at surviving the harsh desert environments of Australian outback WINAICO WINAICO Poly (NOV 2012) -0.06% Q-Cells QPRO G3-1.64% Sunpower (238W) -3.85% Canadian Solar Poly 2015 average daily kwh/kw comparisons -3.87% Calyxo CdTe -4.31% HIT Hybrid Sanyo -5.63% REC Poly -6.61% China Sunergy Poly -7.02% Q-Cells Poly -9.28% -9.94% % % Kyocera Sunpower Trina Sungrid Mono % Sungrid Poly Source on

25 PROVEN QUALITY AND PERFORMANCE DESERT KNOWLEDGE IN AUSTRALIA % Q-Cells QPRO G3 WINAICO WINAICO Poly (NOV 2012) % % Canadian Sunpower Solar Poly (238W) % HIT Hybrid Sanyo 2014 average daily kwh/kw comparisons % REC Poly % China Sunergy Poly % Calyxo CdTe % Q-Cells Poly % Kyocera 2013 average daily kwh/kw comparisons % Sungrid Mono % % Sunpower Sungrid Poly % Trina % Q-Cells Mono % HIT Hybrid Sanyo WINAICO WINAICO Poly (NOV 2012) % % % % REC Poly Calyxo CdTe Kyocera Sungrid Mono % % % % % Trina Q-Cells Poly Sunpower Sungrid Poly Q-Cells Mono

26 PROJECT REFERENCES

27 PROJECT REFERENCES PROJECT REFERENCES ο Chelvston Renewable Energy Park 15 MW in Northants, UK

28 PROJECT REFERENCES PROJECT REFERENCES ο Solar Park Enervitabio 16 MW in Italy ο Rooftop project 250 kw in Switzerland

29 PROJECT REFERENCES PROJECT REFERENCES ο Solar park 12 MW in Bavaria, Germany ο ASDA superstore 246 kw in Leicester, UK

30 PROJECT REFERENCES PROJECT REFERENCES ο Steel treatment company 850 kw in Alberton, South Africa ο Commercial rooftop 60 kw in Vermont, US

31 PROJECT REFERENCES PROJECT REFERENCES ο Hsinchu Sport Stadium in Hsinchu, Taiwan ο Questacon (National Science and Technology Centre) 94 kw in Canberra, Australia ο Mt Hutt ski field 1.7 kw in Canterbury, New Zealand

32 PROJECT REFERENCES PROJECT REFERENCES ο Ishigaki Island project 2 MW in Okinawa, Japan

33 THANK YOU

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