Upsolar Selected by Pristine Sun for 10 MW SmartModule Deal

SAN FRANCISCO, March 12, 2013 /PRNewswire/ -- Upsolar, a leading international provider of solar PV modules, today announced the company has been selected by Pristine Sun to supply a minimum of 10 MW of its SmartModules for solar farms in California. This agreement highlights the swelling interest in truly integrated SmartModules.

(Logo: http://photos.prnewswire.com/prnh/20130306/SF71941LOGO)

Upsolar SmartModules combine the company's high-quality, high-performance PV modules with Tigo Energy's optimized power electronics, which are integrated into the module's junction box. Benefits of Smart Modules include:

• Up to 30 percent more modules per string , which reduces electrical BOS costs
• Increased system production
• Enhanced module-level monitoring
• Improved safety, fire arc fault and theft prevention

"We are pleased to have selected Upsolar modules for at least 10 MW of our California portfolio of small utility projects. The combination of Upsolar's bankability, payment terms and product and performance warranties made the company an unbeatable candidate for our utility-scale portfolio," said Troy Helming, CEO of Pristine Sun. "In addition to excelling in these areas, Upsolar has some of the strongest financials of any module provider in the industry. Most importantly, as long-term owners and operators of our projects, Upsolar's quality and performance stood out. Our funding partners agree so it's likely we will add to our commitment going forward."

Pristine Sun's Chief Operating Officer Jason Jackson added, "Upsolar's Smart Modules mitigate performance challenges related to everyday occurrences like soiling, shading, module mismatch and temperature differentials, while increasing power harvest in every module. The performance data offered through Smart Modules is a nice bonus as well."

Project construction has begun on Pristine Sun's 50 MW portfolio of utility-scale PV projects in California. The electricity generated by the projects will be sold to the Pacific Gas and Electric Company (PG&E).

"Pristine Sun's pipeline of projects in California is truly impressive, and we're pleased to have the opportunity to work together on these projects," said Reed Richerson, National Key Account Manager for Upsolar America. "It is especially gratifying to see our Smart Module product adopted by high-quality organizations like Pristine Sun & their partners." 

About Upsolar

Upsolar develops and produces high quality solar PV modules at competitive prices, offering a secure long-term investment for customers around the world. Bolstered by a commitment to product R&D and support from its flexible manufacturing platforms, Upsolar ensures top-tier performance and reliability while maintaining an asset light approach to its business. All Upsolar products are backed by industry-leading product and performance guarantees to ensure superior performance over the lifetime of each system. Upsolar also champions environmental sustainability through key sponsorships and environmental initiatives. To learn more about Upsolar, its products or its sustainability efforts, please visit www.upsolar.com.

Like Upsolar on Facebook: facebook.com/Upsolar
Follow Upsolar on Twitter: @UpsolarGroup
Connect with Upsolar on LinkedIn: linkedin.com/company/upsolar-group

About Pristine Sun, LLC - Pristine Sun, the leading developer of small utility scale projects in California, is a professional full service renewable energy company with a goal to become one of the most respected solar developers in America.  Pristine Sun's core management team has an average of 10-16 years of experience each in the development and finance of solar and wind projects with a combined total of over $2 billion.  Pristine Sun, originally backed by a $24 billion private equity fund, has a 2 GW solar pipeline with 750 MW of projects under active development. Headquartered in San Francisco, CA.   Pristine's business model is simple: we are proficient at acquiring site leases and 20 year Power Purchase Agreements for financeable solar and wind Utility and Behind the Meter projects.  We then develop the sites, underwrite, procure financing, construct and operate these low risk projects. 

For more information, visit www.pristinesun.com

Business Contacts:

Eric Chung (Pristine Sun) 415-848-8154 [email protected]

Media Contact

Lucy Chen
Corporate Marketing Manager, Upsolar
+33 1 83 62 02 05
[email protected]

Kimberly Setliff
Antenna Group for Upsolar
+1 415-977-1942
[email protected]

List of all links

"Upsolar" – English (US) - http://www.upsolar.com/usa/ 
"Pristine Sun" – http://www.pristinesun.com/ 
"Tigo Energy's" – http://www.tigoenergy.com/ 
"ArrayCon" – http://www.arraycon.com/ 
"facebook.com/Upsolar" – http://www.facebook.com/Upsolar
"@UpsolarGroup" - http://twitter.com/UpsolarGroup
"linkedin.com/company/upsolar-group" - http://www.linkedin.com/company/upsolar-group

SOURCE Pristine Sun, LLC