World Largest Solar Parking Project in the Kingdom of Saudi Arabia, at HQ of Saudi Arabian Oil Company (Saudi Aramco)

Belectric, world market leader in Engineering, Procurement and Construction (EPC) of solar power plants, executes the North Park Project in cooperation with Sun & Life, Regional Solar Pioneer in the Middle East, a subsidiary of Acwa Holding, Saudi Arabian Leader in developing private Power and Water generation projects infrastructure and utilities projects. More than 120,000 CIS (Copper Indium Selenide) photovoltaic modules will be installed, supplied by the Japanese Thin Film Leader Solar Frontier (Showa Shell Sekiyu K.K.). Belectric was awarded the project by the Saudi Arabia based company Al Yamama, the project principal, building Saudi Aramco's Northpark complex including offices and the carpark. Belectric and Sun & Life intend to enhance their cooperation to a full scale joint venture in EPC contracting of solar power plants, and manufacturing of Balance of System components in Saudi Arabia.

Belectric is known for its global track record and innovative design providing best system performance at a very competitive cost for solar power plants. "We are very proud to be awarded this project. The clear benefits of the thin-film photovoltaic modules combined with our enhanced plant technologies and project engineering are the contributing factors to drive a solar power plant reliable and efficient under hot climate conditions", says Bernhard Beck, CEO of Belectric. The large-scale power plant will produce electricity and feed it in to the public grid by the end of 2011.

"Sun & Life is looking forward to work with Belectric not only to deliver this Iconic project, but also to combine both Group's strengths and track records to develop the solar energy industry, and localize Technologies in the region. With the latest developments Solar and renewable resources become one of the best choices for energy" says Abdullah Taibah, CEO of Sun & Life

About BELECTRIC

Belectric is an international system integrator and manufacturer for large-scale photovoltaic systems. With offices in 15 countries Belectric offers customers worldwide its know-how and cost advantages achieved by a common sourcing strategy and the expertise of the Belectric project managers and engineers. Since 2010 Belectric is the EPC world market leader in free-field and roof-mounted solar power plants and has built up over 120 free-field solar power plants and more than 2600 roof-mounted systems worldwide in the last 9 years. In doing so, the company employs advanced and innovative technologies, which are characterized by high energy yields, reliable operation and low raw material consumption. In contrast to most competitors, the company offers photovoltaic solutions from one source. From planning to construction and operation and service, the photovoltaic systems are realized without subcontractors.

About Sun & Life

Acwa Holding started this initiative five years ago, as part of its vision, and drive to create sustainable development in the Energy mix. Its subsidiary Sun & Life, is active in the fields of Technology development, Manufacturing and Turnkey Solar EPC. The company's forward-looking and sustainable growth have developed its Solar expertise, focusing on the most appropriate technology to be deployed in harsh environments, and on producing the highest yield at the lowest cost. Sun & Life over arching corporate goal is to offer solar power at competitive prices in the long term and to create a real alternative to local energy sources.