AstroPower Joint Venture to Power World's Largest Solar Plant; AstraSolar to Supply 13MW of APex(TM) Solar Cells for Spanish Project

Apr 27, 2001, 01:00 ET from AstroPower, Inc.

    NEWARK, Del., April 27 /PRNewswire/ -- AstroPower, Inc. (Nasdaq:   APWR)
 (www.astropower.com) announced today that its Spanish joint venture,
 AstraSolar, has been chosen to supply advanced APex(TM) solar cells for a 13MW
 solar electric power plant to be built in Murcia, Spain.  When completed, the
 power plant will be approximately four times larger than any photovoltaic
 power plant currently in operation, and will cover an area equivalent to 57
 soccer fields.
     A consortium formed to construct and operate the project includes: Atersa
 (co-owner of AstraSolar), Iberdrola (a major Spanish electric utility), and a
 group of private investors.  The consortium intends to capitalize on various
 incentives offered by the region of Murcia, the Spanish Government, and the
 European Union.
     The project plan calls for a construction period of approximately two
 years and a total cost of approximately $65 million.  The solar power plant is
 designed to generate up to four percent of the total peak load for the Murcia
 region, which has one of the best solar resources in Spain.
     Atersa is one of Spain's leading solar power companies, and a key
 AstroPower customer.  Founded in 1979, Atersa has offices in Madrid, Cordoba,
 and Valencia.  Atersa also co-owns and manages AstraSolar, our joint venture
 solar cell manufacturing facility based in Valencia that began solar cell
 production in March 2000.  For the Murcia project, AstraSolar plans to supply
 advanced large-area APex(TM) solar cells based on AstroPower's patented
 Silicon-Film(TM) technology.
     Fernando Monera, Atersa President, said: "This project demonstrates the
 leadership position of the Spanish industry within the rapidly growing
 European market for solar electric power."
     Dr. Allen Barnett, President and CEO of AstroPower, added: "We take great
 pride in our partnership with Atersa.  We are very pleased that our AstraSolar
 joint venture has been chosen to supply the core component of this ground-
 breaking project."
 
     About AstroPower
     Headquartered in Newark, Delaware, AstroPower is the world's largest
 independent manufacturer of solar electric power products, and one of the
 world's fastest growing solar electric power companies.  AstroPower develops,
 manufactures, markets and sells PV solar cells, modules, panels and systems
 for generating solar electric power.  Solar electric power systems provide a
 clean, renewable source of electricity in both off-grid and on-grid
 applications.  In December 2000 AstroPower was added to the S&P SmallCap 600.
 In February 2001 AstroPower was ranked 39th on Business Week's Top 50 S&P
 Small Cap Company list for one- and three-year performance.  For more
 information, please visit www.astropower.com.
 
     This press release contains forward-looking statements that are made
 pursuant to the Safe Harbor provisions of the Private Securities Litigation
 Reform Act of 1995.  Forward-looking statements involve risks and
 uncertainties, as described in the Company's registration statements and
 periodic reports filed with the Securities and Exchange Commission.  As a
 result, there can be no assurance that the Company's future results will not
 be materially different from those projected.  The projections contained
 herein speak only of the Company's expectations as of the date of this press
 release.  The Company hereby expressly disclaims any obligation or undertaking
 to release publicly any updates or revisions to any such statements to reflect
 any change in the Company's expectations or any change in events, conditions
 or circumstances on which such statement is based.
 
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                http://tbutton.prnewswire.com/prn/11690X21393156
 
 

SOURCE AstroPower, Inc.
    NEWARK, Del., April 27 /PRNewswire/ -- AstroPower, Inc. (Nasdaq:   APWR)
 (www.astropower.com) announced today that its Spanish joint venture,
 AstraSolar, has been chosen to supply advanced APex(TM) solar cells for a 13MW
 solar electric power plant to be built in Murcia, Spain.  When completed, the
 power plant will be approximately four times larger than any photovoltaic
 power plant currently in operation, and will cover an area equivalent to 57
 soccer fields.
     A consortium formed to construct and operate the project includes: Atersa
 (co-owner of AstraSolar), Iberdrola (a major Spanish electric utility), and a
 group of private investors.  The consortium intends to capitalize on various
 incentives offered by the region of Murcia, the Spanish Government, and the
 European Union.
     The project plan calls for a construction period of approximately two
 years and a total cost of approximately $65 million.  The solar power plant is
 designed to generate up to four percent of the total peak load for the Murcia
 region, which has one of the best solar resources in Spain.
     Atersa is one of Spain's leading solar power companies, and a key
 AstroPower customer.  Founded in 1979, Atersa has offices in Madrid, Cordoba,
 and Valencia.  Atersa also co-owns and manages AstraSolar, our joint venture
 solar cell manufacturing facility based in Valencia that began solar cell
 production in March 2000.  For the Murcia project, AstraSolar plans to supply
 advanced large-area APex(TM) solar cells based on AstroPower's patented
 Silicon-Film(TM) technology.
     Fernando Monera, Atersa President, said: "This project demonstrates the
 leadership position of the Spanish industry within the rapidly growing
 European market for solar electric power."
     Dr. Allen Barnett, President and CEO of AstroPower, added: "We take great
 pride in our partnership with Atersa.  We are very pleased that our AstraSolar
 joint venture has been chosen to supply the core component of this ground-
 breaking project."
 
     About AstroPower
     Headquartered in Newark, Delaware, AstroPower is the world's largest
 independent manufacturer of solar electric power products, and one of the
 world's fastest growing solar electric power companies.  AstroPower develops,
 manufactures, markets and sells PV solar cells, modules, panels and systems
 for generating solar electric power.  Solar electric power systems provide a
 clean, renewable source of electricity in both off-grid and on-grid
 applications.  In December 2000 AstroPower was added to the S&P SmallCap 600.
 In February 2001 AstroPower was ranked 39th on Business Week's Top 50 S&P
 Small Cap Company list for one- and three-year performance.  For more
 information, please visit www.astropower.com.
 
     This press release contains forward-looking statements that are made
 pursuant to the Safe Harbor provisions of the Private Securities Litigation
 Reform Act of 1995.  Forward-looking statements involve risks and
 uncertainties, as described in the Company's registration statements and
 periodic reports filed with the Securities and Exchange Commission.  As a
 result, there can be no assurance that the Company's future results will not
 be materially different from those projected.  The projections contained
 herein speak only of the Company's expectations as of the date of this press
 release.  The Company hereby expressly disclaims any obligation or undertaking
 to release publicly any updates or revisions to any such statements to reflect
 any change in the Company's expectations or any change in events, conditions
 or circumstances on which such statement is based.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X21393156
 
 SOURCE  AstroPower, Inc.