1. SH: 601877 We Do Quality
6. 6 Performance Astronergy has gained its reputation through the excellent performance of its PV modules that have been applied to both utility-scale PV projects and rooftop systems. In the 70MWp Rovigo Power Plant developed by SunEdison, a subsidiary of MEMC and a leading PV project developer, Astronergy supplied 15MWp of PV modules to the project and the tracking record reveals that our modules’ performance has been quite outstanding relative to the other modules used in the project. System Size: 70 MW (14.522 MW using Astronergy Modules) Modules Used: CHSM6610P-220\225\230W CHSM6610M230\235W Location: Rovigo, Italy Completed: 2010/11 Month Inverter PR-Pro2 PR-Pro1 PR- Astronergy Mono PR-PV Plant Jan Ingeteam 90.6% 102.4% 101.5% 82.1% Feb Ingeteam 88.6% 98.6% 98.4% 84.6% Mar Ingeteam * * * 84.6% Apr. Ingeteam 86.0% 88.1% 88.0% 82.9% May Ingeteam 83.6% 85.7% 84.8% 80.7% Jun Ingeteam 82.5% 84.9% 83.8% 79.3% Jul Ingeteam 81.4% 84.0% 83.1% 78.3% Aug Ingeteam 80.0% 82.0% 81.1% 78.7% Sep Ingeteam 83.8% 85.8% 85.8% 79.8% Oct Ingeteam 86.7% 89.0% 89.3% 81.9% Nov Ingeteam 81.5% 84.4% 84.9% 81.4% * Data in Mar. is missing. • All data is provided by Rovigo Project operating team. 120.0% 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov PR-Pro2 PR-Astronergy Mono PR-Pro1 PR-PV plant
3. 3 The Chint Group consists of 8 major divisions that mainly cover high and low voltage electronic products, measuring instruments, construction appliances, automobile appliances, as well as PV modules and other balance of system components. Chint also owns more than 2,000 domestic distribution centers and more than 40 sales organizations worldwide. The strong performance of the Chint Group’s products and services has made Chint one of the most Chint Group comprehensive enterprises in China. The complete electrical product lines and horizontal integration strategy of the Chint Group make it simple for clients to enjoy a total solution covered under a single warranty from one supplier. Raw Materials Silicon Wafers PV Cells PV Modules PV System Project Development Facts and Figures (2019) Revenue: $7.92 Billion Employees: 30,000 + History: 36 Years Chint is the leader in Chinese industrial electrical equipment production and clean energy fields.
7. 7 Inverter AC Switch Gear Mounting Component DC Switch Gear Module TOTAL SYSTEM SOLUTION Astronergy started investing and developing in PV downstream projects in 2009. With the strong support of the Chint Group, Astronergy off ers a wide range of options to our partners to develop projects together. We have successfully co-developed PV projects in Bulgaria, India, South Africa and Thailand. More projects are in the pipeline to be completed in the near future. Japan China Bulgaria Value-added Service Astronergy’s easy access to the entire Chint Group product portfolio allows us to provide and support total system solutions to our clients all under a single warranty. Total Solution Provider Project Financing Consulting Planning Development Financing Construction Management According to Solarbuzz's report, Astronergy is one of the biggest project developers in China. Other
2. 2 About Astronergy Revenue: $1.71 Billion (2019) Capacity: 4.5 GW Production sites: Hangzhou, Haining, Thailand Subsidiaries: 10 subsidiaries around the world Business Scope: Astronergy, a subsidiary of the Chint Group, has been a trusted provider of monocrystalline and polycrystalline PV modules since its founding in 2006 with manufacturing capacity reaching 4.2GW. In addition to PV cell and module production, Astronergy is actively engaged in project development around the world. To date, Astronergy has become one of the largest PV project Facts and Figures (2019) Los Angeles, USA * North America North America Astronergy Solar, Inc. * China HEADQUARTERS Hangzhou Production Sites Hangzhou, Haining Production Sites Thailand Barcelona, SPAIN Turkey Hamburg, GERMANY * Europe Germany Spain Chint Energy S.L.U. Turkey Astronergy solar turkey anonim şirketi. Bangkok, THAILAND Tokyo, JAPAN Bangalore, INDIA Seoul, KOREA * Asia Korea Astronergy Solar Korea Co., Ltd. Thailand Astronergy Solar Thailand Co., Ltd. Japan Astronergy Solar Japan Co., Ltd. Capacity Expansion (MW) India Astronergy Solar Company Co., Ltd. Astronergy GmbH. In 2019, the module capacity has reached 4.2GW. Haining, CHINA Hangzhou, CHINA 4000 3600 3200 2800 2400 2000 1600 1200 Y15 Y14 1300 Y16 Y17 Y18 Y19 1300 2400 2500 2500 4200 developers in China with over 4500MWp completed and under construction. In the overseas market Astronergy is strengthening its downstream activities globally and provides project development services, EPC services and project financing services in cooperation with strategic development partners. In 2016, Astronergy was listed in Shanghai Stock Exchange market and the code is 601877. Total Solution Provider Module Production Project Investment EPC Services
4. 4 Technology We off er a wide range of monocrystalline and polycrystalline PV modules with outputs ranging from 270W – 415W and applicable for a wide array of photovoltaic projects. Effi ciency The continuous investment in research and development has kept Astronergy ahead in cell efficiency improvement. The average cell effi ciency for mono reaches 22.2%, and 20.5% for poly . We have made it our commitment to continue to enhance cell effi ciency by adopting new technologies. PID is an effect that leads to significant power output decline of PV modules under the condition of negative bias voltage, high temperature and increased humidity. Astronergy has successfully developed new technology and manufacturing processes for PV modules to pass the PID test conducted by TUV Rheinland. In the test, PV modules from Astronergy were assessed after being exposed in the -1500 voltage condition with the temperature at 85°C and with relative humidity of 85% for 192 hours. The modules have achieved low degradation which is much below the IEC standard of not exceeding 5% under such stringent requirements. ◎ AstroNova ◎ AstroSmart ◎ AstroHalo ◎ AstroSemi ◎ AstroTwins ◎ AstroMAX PID Free Mono-Technology Roadmap 2019-2021 (R&D) Poly -Technology Roadmap 2019-2021 (R&D) 23.0% 22.7% 22.4% 22.1% 21.8% 21.5% 21.2% 20.9% 20.6% 20.3% 25.5% 25.0% 24.5% 24.0% 23.5% 23.0% 22.5% 22.0% 21.5% 21.0% 21.8% 22.2% 22.5% 24.5% 24% 23.5% 22.7% 2018 2018 2019 2019 2020 2020 2021 2021 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 H1 H1 H1 H1 H2 H2 H1 H1 22.6% 20.5% 20.8% 21.7% 21.9% 22.0% 22.1% 22.5% H2 H2
8. HAINING, CHINA HANGZHOU, CHINA K ORE A JAP AN THAILAND SP AIN USA GERMANY SUBSIDIARIE S Germany Astronergy GmbH Stephansplatz 2- 6 20354 Hamburg Germany North America Astronergy Solar, Inc. 2188 Pomona Blvd , Pomona, CA 91768 US A India Astronergy Solar India Private Lt d 2729, 3rd Floor Beside ADE, Indira Gate , HAL, 3rd Stage, Indira Nagar , Bengaluru - 560038, Karnataka, India Australia Astronergy Solar Australia Pty Lt d 105 King William Street, Kent Town, SA 5067 Tel: +61 431-830-95 5 Turke y Astronergy Solar Turkey anonim şirketi Japan Chint Solar Japan Co., Lt d Tokubundo Bldg 8F , 2-7-12, Mita, Minato-ku Tokyo, Japa n Tel: 03-6459-4088 Fax: 03-6459-4083 Korea Astronergy Solar Korea Co., Ltd. 5,6th Fl, 541 Nonhyeon-ro , Gangnam-gu, Seoul, KORE A Thailan d Astronergy Solar Thailand Co., Ltd. #10/151(1702), 17th Floor, The Trendy Bldg. , Soi 13 Sukumvit Rd., Klongtoey-Nua, Wattana, Bangkok 10110, Thailand Spai n Chint Energy S.L.U. Carrer de Sancho de Avila 80-86, 2 planta 08018 Barcelona, Spain CORPORATE HEADQUARTERS Chint Solar (ZheJiang) Co., Ltd. 1335 Bin’an Road, Binjiang Distric t Hangzhou, Zhejiang Province, 310053 China Tel: + 86 571 5603 1888 Fax: + 86 571 5603 2383 MANUFACTURING PLANTS Hangzhou, Haining, Thailand INDIA TURKEY http://www.astronergy.com © 05 - 2020 APP
5. 5 Astronergy maintains close relationships with world-class international laboratories including TUV, CSA, JET and Intertek, etc. Gaining the applicable certifications from diff erent countries attests to the reliability of our products. Quality ◎ UV Preconditioning ◎ Outdoor Exposure ◎ Light Soaking ◎ Hot-spot ◎ Thermal Cycling ◎ Humidity-freeze ◎ Damp-heat ◎ Mechanical Load ◎ Corrosive Atmosphere ◎ Insulation ◎ Wet Leakage ◎ Highly Accelerated Stress We also carefully test the components of our PV modules respectively to ensure the best performance. We are not only focused on the electrical output for 25 years, but also for the maximum durability for the entire life of the PV modules. ◎ Bypass Diode Thermal Testing ◎ Materials and Components Testing ◎ Micro-crack Testing ◎ NMOT Measurement ◎ Electrical Component Testing ◎ Flash Testing ◎ Initial Stabilization ◎ LID ◎ LeTID ◎ Hail test The commitment to quality enables us to deliver the best PV products to our clients. We put the PV modules through extreme testing conditions which simulate real-world environments to ensure high performance. Reliability Linear Warranty • Poly: No less than 97.5% within 1 st year • Mono: No less than 97% within 1 st year • Decline rate 2 nd ~25 th years ≤0.7% / year for Regular module 2 nd ~30 th years ≤0.5% / year for Bifacial Double Glass module. Double glass Poly Product Linear Performance Warranty Double glass Mono Product Linear Performance Warranty Regular Poly Product Linear Performance Warranty Regular Mono Product Linear Performance Warranty 100.00% 95.00% 90.00% 85.00% 80.00% 75.00% 97.50% 97.00% 80.70% 83.00 % 82.50% 80.20%
