SHS from F.E. Group ready to rock
—F.E. Group and Sungrow join PV Solar Home System (SHS) Forces

Spain Madrid, 27 Octorber 2009. –Fire Energy Group (F.E. Group), a leading global supplier of innovative solar PV production equipment, has announced a strategic cooperation with Sungrow, the world’s leading supplier of photovoltaic (PV) inverter equipment. “This strategic cooperation between F.E. Group and Sungrow creates a series of new solar home systems (SHS) which will unlock the huge potential of the European solar market. There could be no better partnership in the center of the European solar market” emphasizes Dr. Wang, vice sales president of Sungrow. “By forming cooperation with Sungrow, Fire Energy will be able to satisfy its customers with outstanding PV products and related support, while drawing upon the technology and supporting capabilities it has acquired in PV production equipment markets,” commented John Liu, CEO and Chairman, Fire Energy Group. Together, Fire Energy and Sungrow will significantly expand the adoption of PV inverter technology in parts of Europe areas which are already leading in solar adoption and export.

The partnership will be based on Sungrow’s proven, industry-leading PV inverter technology, and on Fire Energy’s extensive sales and customer support network, integration experience and highly respected market leadership. Fire Energy will become the top representative for Sungrow’s PV inverter equipment and end to end production solutions in parts of Europe. They will also provide manpower and services in the area of installation, ramp-up and customer service.

Sungrow provides the industry’s most complete production equipment, technology and services for PV inverters, offering critical cost and performance advantages for emerging solar markets. Fire Energy has more than 5 years of experience in solar PV system integration and installation. Their established network of sales and support resources and Sungrow’s proven technology is a winning combination for the PV market. “Our strategic partnership with Fire Energy is designed to leverage complementary strengths to create the quality and scale of PV Solar Home System (SHS) needed to satisfy the growing demand for clean and economically viable energy sources. This partnership will benefit our customers enormously in emerging growth markets with predictable end-to-end project facilities for PV inverters and local sales and customer support through Fire Energy’s global network” , said Dr. Wang, vice sales president of Sungrow.

“Just one more milestone in Fire Energy’s mission is to make Solar Power economically viable.”

About SUNGROW

Sungrow Power Supply Co., Ltd. is high-tech enterprise specialized in research, development, marketing and sales of renewable energy products especially for solar and wind power. The main products including inverter & converter for photovoltaic system, converter for mega-watt wind system, feedback discharge power supply, emergency power supply and UPS. Other than high quality products, Sungrow also provides turnkey solutions for system design and technical backup service. Sungrow is one of the largest enterprises that research and produce photovoltaic power supply products; meanwhile, it also has its independent intellectual property rights with a number of core technologies. In July 2007, the company has successfully introduced foreign investment.