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Positive Assessment by UniCredit Leasing Strengthens Solar Frontier’s Bankability2013-03-14

Munich, March 13, 2013Solar Frontier announced today its achievement of bankability with UniCredit Leasing, a leading European company for asset-based financing solutions. After passing a stringent quality test by Fraunhofer-Institut für Solare Energiesysteme (ISE), UniCredit Leasing has added Solar Frontier’s thin film CIS modules to its list of trusted photovoltaic suppliers.
 
With UniCredit Leasing, Solar Frontier has added yet another renowned financial resource for funding large-scale projects, further enhancing its credibility with project investors. Solar Frontier’s strong bankability also helps to assure installers and plant operators that projects with Solar Frontier modules are technically solid.
 
“Bankability is a key criterion for PV manufacturers seeking financing from banks and financial institutions for large projects such as power plants, large commercial installations, and the project business in general”, said Wolfgang Lange, Managing Director, Solar Frontier Europe. “Especially in the current market situation, bankability has become a critical factor for the success or failure of a PV company. Although Solar Frontier has already achieved bankability with several renowned banks and financial institutions in Europe, UniCredit Leasing’s trust is an important milestone for our continuous expansion in the worldwide markets.”
 
 
About Solar Frontier
Solar Frontier K.K., a 100% subsidiary of Showa Shell Sekiyu K.K. (TYO:5002) (“Solar Frontier”), has a mission to create the most economical, ecological solar energy solutions on Earth. Building on a legacy of work in solar energy since the 1970s, Solar Frontier today develops and manufactures CIS (denoting copper, indium, selenium) thin-film solar modules for customers in all sectors around the world. Solar Frontier’s gigawatt-scale production facilities in Miyazaki, Japan, integrate compelling economical and ecological advantages into every module: from lower energy requirements in manufacturing to the higher overall output (kWh) of CIS in real operating conditions. Solar Frontier is headquartered in Tokyo, with offices in Europe, the U.S.A., and the Middle East. Visit www.solar-frontier.com for more information.
 
Showa Shell Sekiyu K.K.
Showa Shell Sekiyu K.K. is listed on the Tokyo Stock Exchange and has roots dating back more than 100 years in the downstream energy business.
 

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