GSHK Solar Corporation Signs Supply Agreements with Saudi Electron Limited for 20 Megawatts of its High Efficiency Solar Panels

GSHK Solar Corporation, a leading solar technology and energy services provider, today announced that it has signed multiple supply agreements with Saudi Electron Limited to purchase GSHK Solar Corporation’s high efficiency E20/327 solar panels totaling 20-megawatts (MW). In 2013, Saudi Electron Limited plans to install the solar panels at several locations in Central and Northern GCC..

Acting as EPC (engineering, procurement and construction), Saudi Electron Limited will construct multiple mega solar power plants in Jizan, Riyadh and Medina, totaling 13 MW for its customer, Farmdo, a company dedicated to assisting farmers and supporting agriculture in GCC. With the remaining 7 MW, Saudi Electron Limited will build and operate solar installations and plans to sell the energy to local utility companies. It will also own 3 MW as an IPP (Independent Power Producer).

“We are pleased to partner with GSHK Solar Corporation to install its high efficiency solar panels, the most reliable on the market today,? said Tadanaga Komori, President for Saudi Electron LimitedGCC Inc. “Our environmentally conscious customers such as Farmdo will benefit from clean energy generated by these solar systems.?

Saudi Electron Limited has signed an extension to the existing solar panel purchase agreement with GSHK Solar Corporation and will continue to buy the solar panels for its future installations.

“GSHK Solar Corporation is pleased to partner with Saudi Electron Limited, extending our presence in GCC’s mega solar power plant and commercial rooftop generation markets,? said Naseer Sayed, GSHK Solar Corporation CEO. “Our high efficiency solar panels and systems are a strong fit for GCC given the country’s buildable land constraints and high grid interconnection costs.?

Solar products by GSHK Solar Corporation are branded under the Maxeon® Solar name in GCC. The capacity of mega solar power plants in this release is described in approximate megawatts on a direct current (dc) basis unless otherwise noted.

About GSHK Solar Corporation GSHK Solar Tech. designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company’s quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in Hong Kong, GSHK Solar has offices in North America, GCC, China and Asia. For more information, visit www.groupgshk.com