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May 16, 2012
Ainsworth Electric
Agenda




   Agenda                           Time
   Introductions                    5 min
   Sovello Company Presentation     5 min
   Product Presentation             20 min
   Process & Quality Presentation   15 min
   Question and Answers             15 min
A member of the German-based Sovello
Group
 Sovello:
 >  Fully integrated manufacturer of solar wafers, cells and modules with 200 MW
    capacity and 1,200 employees in Germany and 40 MW capacity in Ontario
 >  Joint Venture of Q-Cells, Evergreen and REC in 2005 and became a 100%
    Ventizz Capital Partners portfolio company on April 26th, 2010




 >  Soventix Canada Inc. is a member of Sovello Group responsible for local
    content module assembly and developing project business in Ontario.
Technology Partner: Celestica

 •  Sovello’s technology partner for solar module
    manufacturing in Ontario, Celestica, is a provider of
    innovative supply chain solutions with a high-
    quality product track record.
 •  All modules are produced at the Toronto facility and    At a Glance:
    fulfill local content requirements.                     2009 Revenue: US $6.1
 •  Produced under ISO 9001 (Quality Management)            billion
    and 14001 (Environmental Management).                   Employees: Over 33,000
                                                            worldwide
                                                            Headquarters: Toronto,
                                                            Canada
                                                            Locations: Approximately
                                                            20 manufacturing and
                                                            design facilities worldwide
                                                            Listings: The Toronto Stock
                                                            Exchange (TSX), New York
                                                            Stock Exchange (NYSE)
Sovello Modules: Critical System Component

              High Quality Components
                 Mitigate Risks and Ensure Optimal Energy
                 Production.
                 Quality In, Quality Out.
              State of the Art Manufacturing
                 Industry Leading Manufacturing Equipment.
                 Uncompromising Quality Standards.
              Positive Output Tolerance
                 Positive Energy Yield Ensures Guaranteed
                 Earnings.
              Outstanding Stability
                 Longevity Beyond 30 Years.
Reliable High
Performance
Main power classes at a glance




                       SV-S-275 SV-S-280 SV-S-285 SV-S-290 SV-S-295 SV-P-225 SV-P-230 SV-P-235 SV-P-240 SV-P-245

                                     Project Pro S Series                                Project Pro P Series
Nominal Power      W       275      280         285           290      295      225      230         235          240      245
Output Tolerance   W     0/+4.9   0/+4.9     0/+4.9         0/+4.9   0/+4.9   0/+4.9   0/+4.9      0/+4.9       0/+4.9   0/+4.9
Pmpp, max          W      279.9    284.9      289.9         294.9    299.9    229.9    234.9       239.9        244.9    249.9
Pmpp, min          W       275      280         285           290      295      225      230         235          240      245
Module Efficiency %        14.4     14.6        14.9          15.1     15.4     14.0     14.4        14.7         15.0     15.3

                                                                                                                                  1
                                                        Powering Canada
Main power classes at a glance




                       Positive Output Tolerance +4.9 W

                       A Sovello Project Pro SV-P 240 module provides
                       SV-S-275 SV-S-280 SV-S-285 SV-S-290 SV-S-295 SV-P-225 SV-P-230 SV-P-235 SV-P-240 SV-P-245
                       an output power between 240 Watt and 244.9 Watt.
                                      Project Pro S Series                                Project Pro P Series
Nominal Power      W        275      280         285           290      295      225      230         235          240      245
Output Tolerance   W      0/+4.9   0/+4.9     0/+4.9         0/+4.9   0/+4.9   0/+4.9   0/+4.9      0/+4.9       0/+4.9   0/+4.9
Pmpp, max          W       279.9   284.9       289.9         294.9    299.9    229.9    234.9       239.9        244.9    249.9
Pmpp, min          W        275      280         285           290      295      225      230         235          240      245
Module Efficiency %         14.4     14.6        14.9          15.1     15.4     14.0     14.4        14.7         15.0     15.3

                                                                                                                                   1
                                                         Powering Canada
Positive Output Tolerance

   Standard +/- 3 % Sorted

                 235 W            235 W       …       235 W                  235 W X 12 = 2,820 W
   Nominal

                  +2%              -3%                 +3%
Operational                                                          227.9 W X 12 = 2,734.8 W
                 239.7 W         227.9 W              242.1 W

                                                                                -85.2 W / String
                           Limiting Panel
                                       z

   Positive Output Tolerance + 4.9 W Sorted

    Nominal      235 W            235 W       …       235 W              235 W X 12 = 2,820 W

Operational     +3.9 W           +2.2 W             +4.3 W
                                                                     237.2 W X 12 = 2,846.4 W
                238.9 W          237.2 W            239.3 W

                                                                               +26.4 W / String
                            Limiting Panel
     For 10 kW system                                   Investment           Profit/Loss

     Standard - 85.2 X 4 Strings =          - 340.8 W           	
 - $ 750            - $ 6,540
     Positive Sorted + 26.4 X 4 Strings =   +105.6 W            	
 + $ 230            +$ 2,030      1
                                            Powering Canada
INTERTEK CERTIFIED – according to CSA and
UL Standards

             Compliant with
             CSA and UL
             standards
             >> Sovello modules are Intertek
             certified which is compliant with
             both CSA and UL standards.
                      • Accelerated Performance Degradation
                      • Accelerated UV
                      • Accelerated Temperature and Thermal Cycling
                      • Accelerated Structural Degradation
                      • Mechanical, Vibration and Shock Cycling
                      • Thermal Cycling
                      • Miami-Dade County Testing (salt spray and humidity)
                      • Highly Accelerated Life Testing (HALT) 
                      • Failure Mode Verification Testing (FMVT) 
                      • Accelerated Reliability Testing 



             >> As well, the product is CEC
             listed.
                              Powering Canada
UL 1703 & IEC 61215/61730 CERTIFIED


            UL 1703 Certified
              >> In Accordance with:
              •  National Electrical Code
                  & Canadian Electrical
                  Code
              •  NFPA 70 (National Fire
                  Prevention Association)
              •  Model Building Codes
              >> Max Voltage 1000V




                           Powering Canada
Panel construction




     1 Aluminium frame, 2 Seal, 3 Glass, 4 Encapsulating EVA, 5 Crystalline cell, 6 Tedlar sheet




                                                     Powering Canada
Continuous Quality Assurance for all
Processes
                                Standardized processes

                                 Preventive measures

                                     Quality Gates




  Receipt of goods                    Production                   Outgoing goods




>  Selected quality checks from monitoring the receipt of goods up to module inspection
>  Quality standards ensure the high quality claim of our products

                                                                                          1
Factory layout

                                                                                                      III.
              EVA                                                Electrical           Electro-
              placing                       Layup             Interconnection      luminescence


     I.                                                                                           Back sheet
                                                                                                  positioning

   Glass
Inspection &                                   II.
  Washing

                                                                                Lamination
                                         Cell Stringing




                          V.                                                      Cool
                                   IV.                                           down

          Labeling                                    Electrical
                        Flashing   Framing           Connection
          & sorting




                                                           Powering Canada
TeamTechnik Tabbing / Stringing


 Electrical interconnection
 between cells is done
 using a fully automated
 TeamTechnik Tabber/
 Stringer TT2500.
 •  Interconnection
     material is Ulbrich
     tinned precision
     copper flat wire.
 •  Infrared soldering
 •  +/-1℃ soldering
     temperature
 •  Cell pre-heating and
     active cooling ensure
     long-term material
     integrity.

                                                2
                              Powering Canada
Industry Leading
ElectroLuminescence (EL) Test

      Electro Luminescence
 •    Sovello are the Only
      Ontario made modules
      conducting in-line EL
      testing on every single
      module manufactured.
 •    Reverse voltage on        z
      panel.
 •    Panel emmits IR light
      (non visible infra-red
      light).
 •    IR camera shows               •  Instant detection of non-visible quality failures.
      possible cracks, shunts       •  Preventing short circuit failures.
      and cell breakage.            •  Used to ensure manufacturing ‘equipment
 •    Hot/Dead spots easily            acceptance’ of post lamination processes.
      identified by failure            Downstream steps are verified on a regular
      catalogue.                       basis to verify consistent quality of
                                       manufacturing equipment.
                                                                                            2
                                       Powering Canada
Lamination & Cooling Process




                               z




  2 Stage Bürkle Laminator
  •  Circulated thermal oil provides uniform platen
     temperature (+/- 2°).                            •  Superior, even
  •  Controlled cooling of modules under pressure        lamination process.
     preventing module from warping, lamination       •  Defects and
     bubbles and incomplete material combination.        inconsistencies
  •  Uniform and repeatable process control.             prevented by active
                                                         cooling.
                                                                               2
                                    Powering Canada
Flashing - Panel Output Forecast

           x 60                 Conversion
  4.2 Wp          252 Wp                          244.44 Wp
                                losses



                                             240 Wp Power Class


                           z
                                                 240 W         245 W       250 W

                                                                                   power classes




                                                                               real output


                                                         244.44 W




                                                 Real output measured by
                                                       flash testing
                                                                                                   2
                               Powering Canada
Typical Failure

     random failure
                           system failure
                                            Quality gates on site

                                            Preventive testing
                                            in Germany



                      z         time




     Delamination     Glass Deformation &         Short Circuit
                            Breakage




                                                                    2
                          Powering Canada
Sovello Quality Program

 Each solar module is tested according to our rigorous quality standards

    Mechanical tests               Electrical tests            Endurance tests




                               z



                             > performance under
                                outdoor conditions
> mechanical load test       > module performance under    > damp heat test
> stability of connections      STC / NOCT conditions      > alternating temperature
> hail test                  > hot spot test                 test
                             > reverse current overload    > damp freeze test
                                test
                             > insulation test under wet
                                conditions

                                                                                       2
Endurance Test


     Endurance tests
 > damp heat test
 > alternating temperature
   test
 > damp freeze test

                              z




 Damp heat test
                                         Simulation of module long lasting
 Duration: 2000 h                        under outdoor conditions
 Temperature:         85° C
 Relative humidity: 85%                  Preventing module delamination


                                                                             2
                                  Powering Canada
Mechanical Tests


     Mechanical tests
 > mechanical load test
 > stability of connectors
 > hail test


                                    z




 Mechanical Load Test
                                                              Materials withstand maximum
 Maximum load testing of frame, glass and                     loads of snow and wind
 different support rail positions
                                                              Preventing glass and frame breakage
 Max. load test according to IEC/UL 5.4 kN/m2
                                                                                                    2
                                            Powering Canada
Outdoor Field Test & 3rd Party Tests




Outdoor test installation at production facility Thalheim, Germany




       Only field tests show performance and                                  3rd party tests show Sovello modules’
          resilience to outdoor conditions                                         high quality and outstanding
                                                                                   performance under outdoor
                                                                                             conditions
                                                                                                                      2
                                                            Powering Canada
Outlook – Research & Development




     Queen’s University
           Kingston


     -  215W Micro-inverter
  -  AC Module 200 W / 250 W




       Continuous product
    development of Canadian
    technology for the world        215W (AC) Micro-inverter,
                                    50 year product with a 25 year warranty
             market
                                                                              2
                               Powering Canada
Product Roadmap




                                                The Future
                                                •  Eliminate
                                                   Engineering
                         Tomorrow               •  Solar as an
                                                   Appliance
                         •  Smart Grid Ready
                         •  Active / Reactive
                            Power
                         •  Plug & Play
    Today
    • SolarBox™
     •  Safe, Reliable
        Performance



                                                                 3
Reference Project – Toronto Electric




                                                                    Financed by
                                                            Royal Bank of Canada, Toronto




 Toronto Electric, 70 kW, installed Sep 2010




                                                                                            3
                                          Powering Canada
Reference Project – Peel District School
Board - Treeline Public School




    Peel District School Board, 150kW




                                                          3
                                        Powering Canada
Further Information


Soventix Canada Inc.
120 Front St. East, Suite 204
Toronto, ON, M5A 4L9
Canada

+1 416 868 1617
info@sovello.ca
www.sovello.ca

https://twitter.com/#!/SovelloCanada
http://www.youtube.com/user/SovelloCanad




                        Thank you for your time!
120516 sovello presentation-ainsworth

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120516 sovello presentation-ainsworth

  • 2. Agenda Agenda Time Introductions 5 min Sovello Company Presentation 5 min Product Presentation 20 min Process & Quality Presentation 15 min Question and Answers 15 min
  • 3.
  • 4. A member of the German-based Sovello Group Sovello: >  Fully integrated manufacturer of solar wafers, cells and modules with 200 MW capacity and 1,200 employees in Germany and 40 MW capacity in Ontario >  Joint Venture of Q-Cells, Evergreen and REC in 2005 and became a 100% Ventizz Capital Partners portfolio company on April 26th, 2010 >  Soventix Canada Inc. is a member of Sovello Group responsible for local content module assembly and developing project business in Ontario.
  • 5. Technology Partner: Celestica •  Sovello’s technology partner for solar module manufacturing in Ontario, Celestica, is a provider of innovative supply chain solutions with a high- quality product track record. •  All modules are produced at the Toronto facility and At a Glance: fulfill local content requirements. 2009 Revenue: US $6.1 •  Produced under ISO 9001 (Quality Management) billion and 14001 (Environmental Management). Employees: Over 33,000 worldwide Headquarters: Toronto, Canada Locations: Approximately 20 manufacturing and design facilities worldwide Listings: The Toronto Stock Exchange (TSX), New York Stock Exchange (NYSE)
  • 6. Sovello Modules: Critical System Component High Quality Components Mitigate Risks and Ensure Optimal Energy Production. Quality In, Quality Out. State of the Art Manufacturing Industry Leading Manufacturing Equipment. Uncompromising Quality Standards. Positive Output Tolerance Positive Energy Yield Ensures Guaranteed Earnings. Outstanding Stability Longevity Beyond 30 Years.
  • 8. Main power classes at a glance SV-S-275 SV-S-280 SV-S-285 SV-S-290 SV-S-295 SV-P-225 SV-P-230 SV-P-235 SV-P-240 SV-P-245 Project Pro S Series Project Pro P Series Nominal Power W 275 280 285 290 295 225 230 235 240 245 Output Tolerance W 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 Pmpp, max W 279.9 284.9 289.9 294.9 299.9 229.9 234.9 239.9 244.9 249.9 Pmpp, min W 275 280 285 290 295 225 230 235 240 245 Module Efficiency % 14.4 14.6 14.9 15.1 15.4 14.0 14.4 14.7 15.0 15.3 1 Powering Canada
  • 9. Main power classes at a glance Positive Output Tolerance +4.9 W A Sovello Project Pro SV-P 240 module provides SV-S-275 SV-S-280 SV-S-285 SV-S-290 SV-S-295 SV-P-225 SV-P-230 SV-P-235 SV-P-240 SV-P-245 an output power between 240 Watt and 244.9 Watt. Project Pro S Series Project Pro P Series Nominal Power W 275 280 285 290 295 225 230 235 240 245 Output Tolerance W 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 0/+4.9 Pmpp, max W 279.9 284.9 289.9 294.9 299.9 229.9 234.9 239.9 244.9 249.9 Pmpp, min W 275 280 285 290 295 225 230 235 240 245 Module Efficiency % 14.4 14.6 14.9 15.1 15.4 14.0 14.4 14.7 15.0 15.3 1 Powering Canada
  • 10. Positive Output Tolerance Standard +/- 3 % Sorted 235 W 235 W … 235 W 235 W X 12 = 2,820 W Nominal +2% -3% +3% Operational 227.9 W X 12 = 2,734.8 W 239.7 W 227.9 W 242.1 W -85.2 W / String Limiting Panel z Positive Output Tolerance + 4.9 W Sorted Nominal 235 W 235 W … 235 W 235 W X 12 = 2,820 W Operational +3.9 W +2.2 W +4.3 W 237.2 W X 12 = 2,846.4 W 238.9 W 237.2 W 239.3 W +26.4 W / String Limiting Panel For 10 kW system Investment Profit/Loss Standard - 85.2 X 4 Strings = - 340.8 W - $ 750 - $ 6,540 Positive Sorted + 26.4 X 4 Strings = +105.6 W + $ 230 +$ 2,030 1 Powering Canada
  • 11. INTERTEK CERTIFIED – according to CSA and UL Standards Compliant with CSA and UL standards >> Sovello modules are Intertek certified which is compliant with both CSA and UL standards. • Accelerated Performance Degradation • Accelerated UV • Accelerated Temperature and Thermal Cycling • Accelerated Structural Degradation • Mechanical, Vibration and Shock Cycling • Thermal Cycling • Miami-Dade County Testing (salt spray and humidity) • Highly Accelerated Life Testing (HALT)  • Failure Mode Verification Testing (FMVT)  • Accelerated Reliability Testing  >> As well, the product is CEC listed. Powering Canada
  • 12. UL 1703 & IEC 61215/61730 CERTIFIED UL 1703 Certified >> In Accordance with: •  National Electrical Code & Canadian Electrical Code •  NFPA 70 (National Fire Prevention Association) •  Model Building Codes >> Max Voltage 1000V Powering Canada
  • 13. Panel construction 1 Aluminium frame, 2 Seal, 3 Glass, 4 Encapsulating EVA, 5 Crystalline cell, 6 Tedlar sheet Powering Canada
  • 14. Continuous Quality Assurance for all Processes Standardized processes Preventive measures Quality Gates Receipt of goods Production Outgoing goods >  Selected quality checks from monitoring the receipt of goods up to module inspection >  Quality standards ensure the high quality claim of our products 1
  • 15. Factory layout III. EVA Electrical Electro- placing Layup Interconnection luminescence I. Back sheet positioning Glass Inspection & II. Washing Lamination Cell Stringing V. Cool IV. down Labeling Electrical Flashing Framing Connection & sorting Powering Canada
  • 16. TeamTechnik Tabbing / Stringing Electrical interconnection between cells is done using a fully automated TeamTechnik Tabber/ Stringer TT2500. •  Interconnection material is Ulbrich tinned precision copper flat wire. •  Infrared soldering •  +/-1℃ soldering temperature •  Cell pre-heating and active cooling ensure long-term material integrity. 2 Powering Canada
  • 17. Industry Leading ElectroLuminescence (EL) Test Electro Luminescence •  Sovello are the Only Ontario made modules conducting in-line EL testing on every single module manufactured. •  Reverse voltage on z panel. •  Panel emmits IR light (non visible infra-red light). •  IR camera shows •  Instant detection of non-visible quality failures. possible cracks, shunts •  Preventing short circuit failures. and cell breakage. •  Used to ensure manufacturing ‘equipment •  Hot/Dead spots easily acceptance’ of post lamination processes. identified by failure Downstream steps are verified on a regular catalogue. basis to verify consistent quality of manufacturing equipment. 2 Powering Canada
  • 18. Lamination & Cooling Process z 2 Stage Bürkle Laminator •  Circulated thermal oil provides uniform platen temperature (+/- 2°). •  Superior, even •  Controlled cooling of modules under pressure lamination process. preventing module from warping, lamination •  Defects and bubbles and incomplete material combination. inconsistencies •  Uniform and repeatable process control. prevented by active cooling. 2 Powering Canada
  • 19. Flashing - Panel Output Forecast x 60 Conversion 4.2 Wp 252 Wp 244.44 Wp losses 240 Wp Power Class z 240 W 245 W 250 W power classes real output 244.44 W Real output measured by flash testing 2 Powering Canada
  • 20. Typical Failure random failure system failure Quality gates on site Preventive testing in Germany z time Delamination Glass Deformation & Short Circuit Breakage 2 Powering Canada
  • 21. Sovello Quality Program Each solar module is tested according to our rigorous quality standards Mechanical tests Electrical tests Endurance tests z > performance under outdoor conditions > mechanical load test > module performance under > damp heat test > stability of connections STC / NOCT conditions > alternating temperature > hail test > hot spot test test > reverse current overload > damp freeze test test > insulation test under wet conditions 2
  • 22. Endurance Test Endurance tests > damp heat test > alternating temperature test > damp freeze test z Damp heat test Simulation of module long lasting Duration: 2000 h under outdoor conditions Temperature: 85° C Relative humidity: 85% Preventing module delamination 2 Powering Canada
  • 23. Mechanical Tests Mechanical tests > mechanical load test > stability of connectors > hail test z Mechanical Load Test Materials withstand maximum Maximum load testing of frame, glass and loads of snow and wind different support rail positions Preventing glass and frame breakage Max. load test according to IEC/UL 5.4 kN/m2 2 Powering Canada
  • 24. Outdoor Field Test & 3rd Party Tests Outdoor test installation at production facility Thalheim, Germany Only field tests show performance and 3rd party tests show Sovello modules’ resilience to outdoor conditions high quality and outstanding performance under outdoor conditions 2 Powering Canada
  • 25. Outlook – Research & Development Queen’s University Kingston -  215W Micro-inverter -  AC Module 200 W / 250 W Continuous product development of Canadian technology for the world 215W (AC) Micro-inverter, 50 year product with a 25 year warranty market 2 Powering Canada
  • 26. Product Roadmap The Future •  Eliminate Engineering Tomorrow •  Solar as an Appliance •  Smart Grid Ready •  Active / Reactive Power •  Plug & Play Today • SolarBox™ •  Safe, Reliable Performance 3
  • 27. Reference Project – Toronto Electric Financed by Royal Bank of Canada, Toronto Toronto Electric, 70 kW, installed Sep 2010 3 Powering Canada
  • 28. Reference Project – Peel District School Board - Treeline Public School Peel District School Board, 150kW 3 Powering Canada
  • 29. Further Information Soventix Canada Inc. 120 Front St. East, Suite 204 Toronto, ON, M5A 4L9 Canada +1 416 868 1617 info@sovello.ca www.sovello.ca https://twitter.com/#!/SovelloCanada http://www.youtube.com/user/SovelloCanad Thank you for your time!