Chint/Astronergy Completes 50MW Solar PV Power Plant in Bulgaria

HANGZHOU, China and RAVENSBURG, Germany (ots) - Chint/Astronergy
today announced its completion of a solar PV power plant with a total
installed capacity of 50MWp in Bulgaria. The commercial operation
date of the solar power plant is on June 12, 2012.

The solar PV power plant is expected to generate 1,858,548,000
kWh of electricity during the next 25 years. All electricity will be
connected to the local net-grid with a fixed Feed-in-Tariff. The
entire project took three months of construction work. All the
polycrystalline PV modules made by Chint/Astronergy have been mounted
on the ground.The solar power plant can deliver abundant green
electricity to the local communities with zero carbon emission. The
investment made by Chint/Astronergy also helped contribute to the
local employment by hiring local staff and workers.

Bulgaria has good solar irradiance condition which is quite
suitable for developing PV projects to reduce reliance on
conventional fossil fuels and nuclear energy, which currently compose
over 90 percent of the country's total energy mix.

"The completion of the PV power plant marks great milestone for
Astronergy's developments in Bulgaria. Astronergy will continue
making more efforts to deliver the alternative energy to the world."
Astronergy's CEO, Dr. Liyou Yang emphasizes.

"Astronergy has kept its commitment to develop solar power plants
with partners not only in mature PV markets, but also in emerging
markets. Backed by its parent company, the Chint Group, Astronergy
can provide a complete range of electrical products and solutions to
solar project developments." Astronergy's Senior Vice President and
CSO/CMO, Mr. Alan Yuan commented.

To learn more about the Company's latest PV products and
solutions, please visit Astronergy at Booth 270, Hall A1 at
Intersolar Europe 2012.

About Astronergy

Astronergy specializes in cutting-edge research, development and
production of solar modules. The company has been a trusted provider
of monocrystalline and polycrystalline PV modules since its founding
in 2006 and it is the first large scale producer of high-efficiency
thin film PV modules in mainland China. Astronergy is committed to
technological innovation in our products and our solutions. With
support from its parent company Chint Group, Astronergy has become a
global total solutions provider for photovoltaic systems.

Press Contact:
Andrew Huang
Tel: +86-571-5603 2149
Email: Andrew.Huang@Astronergy.com