Sunny Hill Energy, Ningbo Solar Electric Sign 55 MW PV Solar Module Supply Deal

San Jose, CA, May 01, 2009 --(PR.com)-- San Jose-based Sunny Hill Energy, Inc. has signed a two-year, 55 MW agreement with Ningbo Solar Electric Co., LTD (NBSolar). Under the agreement, NBSolar will supply Sunny Hill with 55 MW of its high-efficiency mono-crystalline panels for use in residential and commercial installations. The deal will increase NBSolar’s US presence and guarantee adequate supply for Sunny Hill's pipeline of projects.

"We're excited to have found the ideal solar panel solution for our residential and investment-grade projects," said Dorian Maras, CSO for Sunny Hill Energy. "NBSolar’s large European presence and 40-year history in solar technology manufacturing won us over. Additionally, we found great synergy between NBSolar's desire to enter the US market and our ability to develop it."

Sunny Hill Energy is a US solar financing and business support company with a network of solar installer partners spanning eight states. The company provides residential solar lease financing, as well as more traditional PPA financing for commercial, government and non-profit projects. Sunny Hill Energy began operations in late 2008, and has grown aggressively. Current estimates show a minimum project volume of 50 MW within 12 months. The company is currently accepting applications for inclusion in its network of solar installers. For more information, please visit www.SunnyHillEnergy.com

Ningbo Solar Electric Co., LTD is a world leading manufacturer of Photovoltaic (PV) Solar panels. Established in 1966 as a producer of mono-crystalline ingots for the semiconductor industry, NBSolar began manufacturing solar cells and panels in 1978. As a demonstration of NBSolar's commitment to global leadership in the PV industry, it established the Ningbo Solar Energy Institute (NSEI). The institute is staffed by leading PV experts from China, Japan and Germany, and has achieved worldwide recognition for its technical and engineering excellence. For more information, please visit www.NBSolar.com

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