Easily accessible via PHOTON Consulting’s extensive online research and data platform, Solar Updates is the source for accurate, up-to-date information and analysis on solar PV prices, project announcements, demand summaries and supply information by company. Information is updated on a weekly, monthly and quarterly basis, enabling users to keep their finger on the pulse of the sector.

1. Solar Power PRELIMINARY Solar Updates sample information Example deck PHOTON Consulting, LLC THIS DOCUMENT IS CONFIDENTIAL – DO NOT FORWARD OR SHARE

2. This sample information file is designed to demonstrate the sample data in the Solar Updates product. Data in Solar Updates may be different from this sample information file. Some data and Y-axes in this file were intentionally removed. This is a subset of the Solar Updates product for marketing purposes only. This document is confidential. Please do not forward or share it in any form. CONFIDENTIAL info@photonconsulting.com 2

4. PV installation announcement information provides weekly updates of global system installation announcements.

5. Demand information includes quarterly installation volume and system/module price forecasts for key and emerging solar markets.

6. Company/supply information includes monthly company by company production at each step in the supply chain. This suite of timely, relevant data and analysis provides solar decision makers with key insight into leading indicators for the sector. Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Solar Updates: Critical PV information at your fingertips CONFIDENTIAL info@photonconsulting.com 3

7. Solar Updates Price PV system installation announcements Demand/market updates Company/supply updates Subscribe to Solar Updates CONFIDENTIAL info@photonconsulting.com 4

9. Price points are collected from Asian, European and US producers based on transactions into Asian, European and US markets.

10. Period average prices are reported as the simple average of all collected price points over that time period, though an effort is made to match the geographic share of data points to global market share

11. Currency:

12. Price points are collected/captured in whatever currency they are offered by survey respondents. Conversions to USD are based on real-time exchange rate on the day the transaction is reported.

13. Data sources:

14. The significant majority of reported price points come from primary research/interviews with market participants.

15. These price points are routinely verified against/augmented by pricing information reported in trade/business/popular press, company presentations and earnings transcripts, and other public data sources.

16. Prices are taken from both actual transaction price points as well as from current offers.

17. What’s included in prices:

18. VAT / sales tax: Prices are typically reported exclusive of VAT/sales tax. Exceptions to this are reported as such.

19. Shipping: Prices are typically reported FOB end-customer port of entry. Exceptions to this are reported as such.

20. Definition of “factory-gate”:

21. The module price received by the producer whether a module is sold to a distributor or directly to a large installer (i.e. the price Trina receives from IBC).

22. Definition of “wholesale”:

23. The module price received by the distributor when a module is sold to an installer (i.e. the price IBC receives when selling a Trina module to a small installer in Germany).2 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Consistent monthly methodology for collecting / reporting on price points across the PV value chain CONFIDENTIAL info@photonconsulting.com 5

24. c-Si value chain pricing ($/W) PRELIMINARY Module wholesale price index rebased as of 05/29/2009 Price in US$/W Weekly reporting of price at each step of the supply chain Illustrative data Axes, dates and data removed Data updated 01/__/2010 Next update by 01/__/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Note: $/W pricing for wafer and Si based on standard conversion factors. Module WS price down and module FG gate price down, cell price flat and wafer price up Silicon contract price flat and spot price down CONFIDENTIAL info@photonconsulting.com 6

25. c-Si value chain pricing ($/W) PRELIMINARY Illustrative data Axes, dates and data removed Data updated 01/__/2010 Next update by 01/__/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Note: $/W pricing for wafer and Si based on standard conversion factors. Data and graphics available for export CONFIDENTIAL info@photonconsulting.com 7

26. CONFIDENTIAL info@photonconsulting.com 8 Weekly price movements ($/W) PRELIMINARY 2 Illustrative data Dates removed Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. c-Si module German WS price up and c-Si module FG gate price up, cell price down and wafer price up

27. CONFIDENTIAL info@photonconsulting.com 9 c-Si value chain price movement (Month-on-month changes) PRELIMINARY 1 Illustrative data Dates removed Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. c-Si module up 6% MoM, cell prices up 2%, wafer prices up 7%MoM, and polysilicon prices flat MoM

28. CONFIDENTIAL info@photonconsulting.com 10 WS module price movement (Month-on-month changes) PRELIMINARY 1 Illustrative data Dates removed Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. WS module MoM price movements ranged from -13% to +14%

29. CONFIDENTIAL info@photonconsulting.com 11 Price spreads along c-Si value chain ($/W, spot market, through X/X/2010) PRELIMINARY 1 Illustrative data Axes, dates and data removed Price in US$/W Weekly reporting of price spreads at each step of the c-Si value chain Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Each weekly price spread number is in an indication of the difference between mean observed price spreads at each step of the supply chain. For instance, “Spot cell price – spot wafer price” is equal to the weekly observed difference between mean cell price and mean wafer price in each week’s data set.” Wafer minus Si spread up 2% WoW;cell minus wafer spread down 7%WoW; FG module minus cell spread up 59%WoW; WS module minus FG module spread down 31%WoW

30. System price history – California large systems ($/W, CSI reported data, through X/X/2010) PRELIMINARY 1 Price in US$/W Weekly reporting of system price for California large systems Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Note: California system price data is updated roughly every two weeks in conjunction with release of updated CSI program data. 20% increase in month to date average of $8.10/W vs. monthly average price in November of $6.77/W CONFIDENTIAL info@photonconsulting.com 12 Illustrative data Axes and dates removed

31. System price history – California small systems ($/W, CSI reported data, through X/X/2010) PRELIMINARY 1 Price in US$/W Weekly reporting of system price for California small systems Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Note: California system price data is updated roughly every two weeks in conjunction with release of updated CSI program data. 2% increase WoW in reported California small system prices 1% decrease in month to date average of $7.46/W up 1% vs. monthly average price in December of $7.53/W CONFIDENTIAL info@photonconsulting.com 13 Illustrative data Axes and dates removed

32. c-Si module spot price history - US wholesale ($/W, spot market, through X/X/2010) PRELIMINARY 1 Price in US$/W Weekly reporting of c-Si module spot price for US wholesale market Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Note: California system price data is updated roughly every two weeks in conjunction with release of updated CSI program data. Reported c-Si module US WS spot prices flat WoW 1% decrease in month to date average of $2.95/W vs. monthly average price in December of $2.99/W CONFIDENTIAL info@photonconsulting.com 14 Illustrative data Axes and dates removed

33. c-Si module spot price history - German wholesale (€/W, spot market,through X/X/2010) PRELIMINARY 1 Price in €/W Weekly reporting of c-Si module spot price for German wholesale market Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 9% increase WoW in reported c-Si module Germany WS spot prices 6% decrease in month to date average of €1.75/W vs. monthly average price in December of €1.86/W CONFIDENTIAL info@photonconsulting.com 15 Illustrative data Axes and dates removed

34. c-Si module spot price history - German wholesale ($/W, spot market, through X/X/2010) PRELIMINARY 1 Price in US$/W Weekly reporting of c-Si module spot price for German wholesale market Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Each weekly price point assumes the FX rate that was current as of that week. For current week data, FX rate of 1 EUR=1.44 USD simple average of daily FX rate between X/X/2010 – X/X/2010 was used. 9% increase WoW in reported WS spot c-Si module prices in Germany in USD terms 8% decrease in month to date average of $2.52/W vs. monthly average price in December of $2.74/W CONFIDENTIAL info@photonconsulting.com 16 Illustrative data Axes and dates removed

35. German wholesale c-Si module price by region of origin (€/W, spot market, through X/X/2010) PRELIMINARY 1 Weekly price in €/W Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Chinese pricing flat WoW, Japanese pricing up 24% WoW and Western pricing up 9% WoW CONFIDENTIAL info@photonconsulting.com 17 Illustrative data Axes, dates and data removed

36. German wholesale module price by technology (€/W, spot market, through X/X/2010) PRELIMINARY 1 Weekly price in €/W Illustrative data Axes, dates and data removed Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. a-Si (single junction) prices up 8% WoW, and c-Si prices up 9% WoW CONFIDENTIAL info@photonconsulting.com 18

37. CONFIDENTIAL info@photonconsulting.com 19 Chinese Tier 1 module - Germany wholesale (€/W, spot, through X/X/2010) PRELIMINARY 1 Weekly price in €/W Weekly reporting of Chinese Tier 1 modules in German wholesale market Illustrative data Axes, dates and data removed Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Notes: “Chinese Tier 1” refers to the grouping of Chinese module manufacturers that includes Canadian Solar, Solarfun, Suntech, Trina and Yingli. 6% WoW decrease in reported Chinese Tier 1 module WS prices in Germany 1% increase in April average of € 1.57/W vs. monthly average price in March of € 1.56/W

38. Thin film module spot price history - German wholesale (€/W, spot market, through X/X/2010) PRELIMINARY 1 Price in €/W Weekly reporting of thin film spot price in German wholesale market Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 5% increase WoW in reported TF module WS spot prices in Germany down 1% decrease in month to date average of €1.53/W vs. monthly average price in December of € 1.55/W CONFIDENTIAL info@photonconsulting.com 20 Illustrative data Axes and dates removed

39. TF module spot price history - German wholesale ($/W, spot market, through X/X/2010) PRELIMINARY 1 Price in US$/W Weekly reporting of thin film spot price in German wholesale market Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Each weekly price point assumes the FX rate that was current as of that week. For current week data, FX rate of 1 EUR=1.46 USD simple average of daily FX rate between X/X/2010 – X/X/2010 was used. 5% increase WoW in reported TF module WS spot prices in Germany 3% decrease in month to date average of $2.21/W vs. monthly average price in December of $2.28/W CONFIDENTIAL info@photonconsulting.com 21 Illustrative data Axes and dates removed

40. First Solar module - Germany wholesale (€/W, spot, through X/X/2010) PRELIMINARY 1 Price in €/W Weekly reporting of First Solar module price in the German wholesale market Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Month to date average of € 1.65/W flat vs. monthly average price in December of € 1.65/W CONFIDENTIAL info@photonconsulting.com 22 Illustrative data Axes, dates and data removed

41. CONFIDENTIAL info@photonconsulting.com 23 Inverter price history - German wholesale (€/W, spot market,through X/X/2010) PRELIMINARY 1 Price in €/W Weekly reporting of inverter prices in the German wholesale market Illustrative data Axes and dates removed Data updated X/X2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Reported inverter WS spot prices in Germany flat WoW 5% increase in month to date average of €0.41/W vs. monthly average price in March of €0.39/W

42. CONFIDENTIAL info@photonconsulting.com 24 German wholesale inverter prices by size (€/W, spot market,through X/X/2010) PRELIMINARY H H H H 1 Price in €/W Illustrative data Axes, dates and data removed Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. <5 kW inverter prices flat WoW, and 10-100 kW inverter prices flat WoW

43. c-Si module price history – factory gate ($/W, spot market, through X/X/2010) PRELIMINARY 1 Price in US$/W Weekly reporting of c-Si factory gate module spot price Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Each weekly price point assumes the FX rate that was current as of that week. For current week data, FX rate of 1 EUR=1.46 USD simple average of daily FX rate between X/X/2010 – X/X/2010 was used. 4% WoW decrease in reported c-Si module FG price 11% WoW decrease in month to date average of $1.89/W vs. monthly average price in December of $2.12/W CONFIDENTIAL info@photonconsulting.com 25 Illustrative data Axes and dates removed

44. Cell price history ($/W, spot market, through X/X/2010) PRELIMINARY 1 Price in US$/W Weekly reporting of cell spot price Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Assumes current daily FX rate. 1% decrease WoW in reported cell prices Month to date average of $1.30/W flat vs. monthly average price in December of $1.30/W CONFIDENTIAL info@photonconsulting.com 26 Illustrative data Axes and dates removed

45. Wafer price history ($/Piece, spot market, through X/X/2010) PRELIMINARY 1 Price in US$/Piece Weekly reporting of wafer spot price Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Each weekly price point assumes the FX rate that was current as of that week. For current week data, wafer data points include 156 mm mono, 156mm multi. 4% increase WoW in reported wafer prices 1% increase in month to date average of $3.11/piece flat vs. monthly average price in December of $3.08/piece CONFIDENTIAL info@photonconsulting.com 27 Illustrative data Axes and dates removed

46. Wafer price history ($/W, spot market, through X/X/2010) PRELIMINARY 1 Price in US$/W Weekly reporting of wafer spot price Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Each weekly price point assumes the FX rate that was current as of that week Assume 5 inch wafer price is converted to $/W based on 2.42 Watt per wafer, and 6 inch wafer price is converted to $/W based on 3.77 Watt per wafer. Wafer data points include 156 mm mono, 156mm multi, 125 mono, 125 multi and majority of the data is 156 mm multi. 4% increase WoW in reported wafer prices 1% increase in month to date average of $0.83/W vs. monthly average price in December of $0.82/W CONFIDENTIAL info@photonconsulting.com 28 Illustrative data Axes and dates removed

47. Silicon price history ($/kg, spot market, through X/X/2010) PRELIMINARY 1 Price in US$/kg Weekly reporting of silicon spot price Data updated X/X/2010 Next update by X/X/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 8% decrease WoW in reported silicon spot prices 7% decrease in month to date average of $59/kg vs. monthly average price in December of $59/kg CONFIDENTIAL info@photonconsulting.com 29 Illustrative data Axes and dates removed

48. Solar Updates Price PV system installation announcements Demand/market updates Company/supply updates Subscribe to Solar Updates CONFIDENTIAL info@photonconsulting.com 30

50. Only flat-panel and flexible film photovoltaic announcements are reported

51. CSP or CPV not included

52. Data sources

53. All reported projects come from either primary public sources such as company presentations and earnings transcripts or secondary public sources such as trade/business/popular press

54. Public announcements frequently do not contain specific information regarding module manufacturer or system installer. When explicit, we provide these details

55. To avoid potential confusion: Private/confidential data are not included in these estimates

56. Volume

57. Project sizes are captured either explicitly from an announcement or implicitly from secondary information provided in the announcement, such as aggregate project investment or expected output (kWh/year) of the system (labeled as “Estimate”)

58. Project announcement classifications

59. Photovoltaic installations and supply agreements

60. Company guidance, specific to installation volume or revenue from installations

61. Utility and government RFP’s (if the technology is determined to be PV)

62. Various government subsidy programs

63. Caveats

64. Many announced projects may not come to completion as they have not necessarily received financing, PUC approval or zoning approval

65. Private/confidential sources typically add significantly to the overall volume of projects that we track but are not reported

66. Rigorous tracking process began in mid-2008. By late-2009, refined data and historical tracking of completions are planned.

67. Weekly installation volumes tend to be “noisy.” We recommend looking at trend at monthly intervals

68. Value

69. Aggregated announcement volumes are not proportional to true installation volumes. Rather trends in announcement volumes – especially monthly averages – are a more reliable lead indicator of module demand and end customer appetite for downstream PV projects

70. Update schedule

71. The next version of this deck will be posted on Friday, May 7, 2010 by 8pm EST.2 Example Illustrative data Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Consistent methodology for collecting/reporting PV project announcements

72. CONFIDENTIAL info@photonconsulting.com 32 Trailing 7-day project announcements (MW - 04/21/10 - 04/27/10) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Dark blue = estimated. ‘Europe - Unspec’ reflects European announcements with no country specified. ‘US - Unspec’ reflects US announcements with no state specified. ‘ROUS’= Rest of US. ‘TBD’ = To Be Determined. Announced volumes down 74% WoW Equates to 425MW monthly run rate

73. Trailing 30-day project announcements (MW - 04/21/10 - 04/27/10) PRELIMINARY Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Dark blue = estimated. ‘Europe - Unspec’ reflects European announcements with no country specified. ‘US - Unspec’ reflects US announcements with no state specified. ‘RONA’=Rest of North America. ‘TBD’ = To Be Determined. Data and graphics available for export CONFIDENTIAL info@photonconsulting.com 33 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010

74. CONFIDENTIAL info@photonconsulting.com 34 Trailing 30-day project announcements (MW - by market - since 03/27/10) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Dark blue = estimated. ‘Europe - Unspec’ reflects European announcements with no country specified. ‘US - Unspec’ reflects US announcements with no state specified. ‘ROUS’= Rest of US. ‘TBD’ = To Be Determined. 2,400MW announced volume, 2,436MW total volume (incl. estimated volume) Equates to 29,229MW annual run rate

75. CONFIDENTIAL info@photonconsulting.com 35 Trailing 30-day project announcements (MW - by market - since 03/27/10) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. ‘Europe - Unspec’ reflects European announcements with no country specified. ‘US - Unspec’ reflects US announcements with no state specified. ‘ROUS’= Rest of US. ‘TBD’ = To Be Determined. ‘Other’ includes ‘TBD’ projects. India 46% of total project announcements since 03/27/10

76. CONFIDENTIAL info@photonconsulting.com 36 Trailing 30-day project announcements (MW - chronological - since 03/27/10) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Light blue = announced. Dark blue = estimated. Dotted blue divisions indicate new week. ‘Europe - Unspec’ reflects European announcements with no country specified. ‘US - Unspec’ reflects US announcements with no state specified. ‘ROUS’= Rest of US. ‘TBD’ = To Be Determined. 104 project announcements since 03/27/10

77. CONFIDENTIAL info@photonconsulting.com 37 Recent system price examples ($/W) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. ‘ROUS’= Rest of US 1.3X range in system prices across markets and segments

78. CONFIDENTIAL info@photonconsulting.com 38 Recent system price examples ($/W) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. ‘ROUS’= Rest of US. Light blue = announced. Dark blue = estimated. 1.3X range in system prices across markets and segments

79. CONFIDENTIAL info@photonconsulting.com 39 Weekly totals (MW - since 11/01/2008) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. 382MW of announcements last week Weekly average of 634MW since 11/01/2008

80. CONFIDENTIAL info@photonconsulting.com 40 Monthly totals (MW - since 09/01/2008) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. 2,222MW of announcements month-to-date in April

81. CONFIDENTIAL info@photonconsulting.com 41 Project announcements - 2009-2010 (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. 30.2GW of announcements in 2009; 15.9GW YTD2010

82. CONFIDENTIAL info@photonconsulting.com 42 Project announcements - 2009-2010 (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. 15.9GW of announcements YTD2010 compared to 8.0GW in 2009 thru 04/27

83. CONFIDENTIAL info@photonconsulting.com 43 Announcements by market - 2010 (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Europe - Unspec’ reflects European announcements with no country specified. ‘US - Unspec’ reflects US announcements with no state specified. ‘ROUS’= Rest of US. ‘TBD’ = To Be Determined. California, ROUS and India lead project announcements in 2010YTD

84. CONFIDENTIAL info@photonconsulting.com 44 Announcements by market - 2010 (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Europe - Unspec’ reflects European announcements with no country specified. ‘US - Unspec’ reflects US announcements with no state specified. ‘ROUS’= Rest of US. ‘TBD’ = To Be Determined. ‘Other’ includes ‘TBD’ projects. California represents 36% of total project announcements in 2010YTD

85. CONFIDENTIAL info@photonconsulting.com 45 Number of announcements (# - since 01/09) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. 78 announcements month-to-date in April

86. CONFIDENTIAL info@photonconsulting.com 46 Trailing 7-day announcements by completion date (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 49% of announced volumes for completion in 2010, 4% in 2011, 47% undisclosed

87. CONFIDENTIAL info@photonconsulting.com 47 Trailing 30-day announcements by completion date (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 9% of announced volumes for completion in 2010, 5% in 2011, 31% undisclosed

88. CONFIDENTIAL info@photonconsulting.com 48 2010 announcements by completion date (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 13% of announced volumes for completion in 2010, 4% in 2011, 62% undisclosed

89. CONFIDENTIAL info@photonconsulting.com 49 2010 announcements by completion date (MW - YTD) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. 15.9GW of projects in 2010YTD with 2.0GW (13%) of projects to be completed in 2010

90. CONFIDENTIAL info@photonconsulting.com 50 2010 announcements by completion date (% - YTD) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. 15.9GW of projects in 2010YTD with 2.0GW (13%) of projects to be completed in 2010

91. CONFIDENTIAL info@photonconsulting.com 51 2009 announcements by completion date (MW - 01/01/09-12/31/09) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. In 2009, wide distribution of project installation year with no information available for nearly half of announced project volume

92. CONFIDENTIAL info@photonconsulting.com 52 Apr 10 announcements by completion date (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 6% of announced volumes for completion in 2010, 1% in 2011, 32% undisclosed

93. CONFIDENTIAL info@photonconsulting.com 53 Monthly announcements by completion date (MW) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. Monthly comparison of MW of announcements by completion date

94. CONFIDENTIAL info@photonconsulting.com 54 Monthly announcements by completion date (% of MWs) PRELIMINARY 1 Example Illustrative data Data as of 04/27/2010 Next update by 05/07/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Current database numbers reflect 500MW adjustment to July 2009 announcement volumes, reflecting prior double-counting of project associated with partnership between Suntech and CECIC. Monthly comparison of % of announcements by completion date

95. Solar Updates Price PV system installation announcements Demand/market updates Company/supply updates Other updates Subscribe to Solar Updates CONFIDENTIAL info@photonconsulting.com 55

96. Market price and volume data - 2009 (Summary data) ROUGH ESTIMATES Data are intentionally removed Illustrative data Axes and data removed Source: PHOTON Consulting, LLC as of January __, 2010. Note: All data are rough estimates. Demand curve components sum to a number larger than total annual installations due to work-in-progress installations. These are conservative estimates __GW supply, __GW shipments, __GW installs, $__/W FG ASP, $__/W system ASP CONFIDENTIAL info@photonconsulting.com 56

97. Market price and volume data - 2009 (Summary data) ROUGH ESTIMATES Data are intentionally removed Illustrative data Axes and data removed Source: PHOTON Consulting, LLC as of January __, 2010. Note: All data are rough estimates. Demand curve components sum to a number larger than total annual installations due to work-in-progress installations. These are conservative estimates Data and graphics available for export CONFIDENTIAL info@photonconsulting.com 57

98. Global demand curve - 2009 ($/W and MW/yr) ROUGH ESTIMATES US$/W Illustrative data Axes and data removed Quarterly reporting of price and volume by market segment Data as of: __/__/2009 Next update by: 01/__/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Demand curve components sum to a number larger than total annual installations due to work-in-process installations. Demand curves reflect trailing six-month average exchange rates. __GW supply, __GW shipments, __GW installs, $__/W FG ASP, $__/W system ASP CONFIDENTIAL info@photonconsulting.com 58

99. Global installation volume by market - 2009 (MW/yr) ROUGH ESTIMATES Illustrative data Axes and data removed Data as of: 4/__/2009 Next update by: 04/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 3 largest markets in 2009: Germany (46%), Italy (8%) and Japan (6%) CONFIDENTIAL info@photonconsulting.com 59

100. Market price and volume data – 2010 (Summary data) ROUGH ESTIMATES Data are intentionally removed Illustrative data Axes and data removed Source: PHOTON Consulting, LLC as of January __, 2010. Note: All data are rough estimates. Demand curve components sum to a number larger than total annual installations due to work-in-progress installations. These are conservative estimates __GW supply, __GW shipments, __GW installs, $__/W FG ASP, $__/W system ASP CONFIDENTIAL info@photonconsulting.com 60

101. Global demand curve - 2010 ($/W and MW/yr) ROUGH ESTIMATES US$/W Illustrative data Axes and data removed Quarterly reporting of price and volume by market segment Data as of: 04/__/2010 Next update by: 04/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Demand curve components sum to a number larger than total annual installations due to work-in-process installations. Demand curves reflect trailing six-month average exchange rates. __GW supply, __GW shipments, __GW installs, $__/W FG ASP, $__/W system ASP CONFIDENTIAL info@photonconsulting.com 61

102. Global installation volume by market - 2010 (MW/yr) ROUGH ESTIMATES Illustrative data Axes and data removed Data as of: 1/__/2009 Next update by: 01/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. 3 largest markets in 2010: Germany ( %), Italy ( %) and Japan ( %) CONFIDENTIAL info@photonconsulting.com 62

103. Solar Updates Price PV system installation announcements Demand/market updates Company/supply updates Subscribe to Solar Updates CONFIDENTIAL info@photonconsulting.com 63

104. Silicon production (2010) (Thousand tons - Bottom up) ROUGH ESTIMATE Illustrative data Axes and data removed Data as of: 01/__/2010 Next update by: 02/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. This slide reflects PHOTON Consulting’s most up-to-date company by company supply projections for 2010 and may not match supply data in other sections because of differing slide update frequencies (monthly vs. quarterly). 2010 silicon production bottom-up estimate for top 10 companies: __ thousand tons CONFIDENTIAL info@photonconsulting.com 64

105. Wafer production (2010) (MW - Bottom-up) ROUGH ESTIMATE Production in MW Illustrative data Axes and data removed Data as of: 01/__/2010 Next update by: 02/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. This slide reflects PHOTON Consulting’s most up-to-date company by company supply projections for 2010 and may not match supply data in other sections because of differing slide update frequencies (monthly vs. quarterly). 2010 wafer production bottom-up estimate for top 20 companies: __GW CONFIDENTIAL info@photonconsulting.com 65

106. Cell production (2010) (MW - Bottom-up) ROUGH ESTIMATE Production in MW Illustrative data Axes and data removed Data as of: 01/__/2010 Next update by: 02/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. This slide reflects PHOTON Consulting’s most up-to-date company by company supply projections for 2010 and may not match supply data in other sections because of differing slide update frequencies (monthly vs. quarterly). 2010 c-Si cell production bottom-up estimate for top 20 companies: __GW CONFIDENTIAL info@photonconsulting.com 66

107. c-Si module production (2010) (MW - Bottom-up) PRELIMINARY Production in MW Illustrative data Axes and data removed Data as of: 01/__/2010 Next update by: 02/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. This slide reflects PHOTON Consulting’s most up-to-date company by company supply projections for 2010 and may not match supply data in other sections because of differing slide update frequencies (monthly vs. quarterly). 2010 c-Si module production bottom-up estimate for top 20 companies: __GW CONFIDENTIAL info@photonconsulting.com 67

108. Thin film module production (2010) (MW - Bottom-up) ROUGH ESTIMATE Production in MW Illustrative data Axes and data removed Data as of: 01/__/2010 Next update by: 02/2010 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. This slide reflects PHOTON Consulting’s most up-to-date company by company supply projections for 2010 and may not match supply data in other sections because of differing slide update frequencies (monthly vs. quarterly). 2010 thin film module production bottom-up estimate for top 20 companies: __GW CONFIDENTIAL info@photonconsulting.com 68

109. Solar Updates Price PV system installation announcements Demand/market updates Company/supply updates Subscribe to Solar Updates CONFIDENTIAL info@photonconsulting.com 69

111. Email: SolarUpdates@photonconsulting.com

112. Phone: +1-617-262-57012 Source: PHOTON Consulting, LLC. Note: All data are rough estimates. Solar Updates: Critical PV information at your fingertips

113. CONFIDENTIAL info@photonconsulting.com 71 This sample information file is designed to demonstrate the sample data in the Solar Updates product. Data in Solar Updates may be different from this sample information file. Some data and Y-axes in this file were intentionally removed. This is a subset of the Solar Updates product for marketing purposes only. This document is confidential. Please do not forward or share it in any form.