August 5th 2014

Press Release published by Suntuity Renewable Energy India

Hyderabad, India. 5 August 2014: Suntuity Renewable Energy India is pleased to announce the commissioning of a High Efficiency roof top solar power plant located at Silicon House, which is the Headquarters of Nava Bharat Ventures, located in Banjara Hills, Hyderabad, India. The solar power plant consists of 52 High Efficiency SunPower solar panels combined with SMA Tri-power inverters. Suntuity delivered the Turnkey Project and was responsible for all aspects of the Engineering, Procurement, Installation and Commissioning of the project. The solar power system is currently producing clean captive power, which will be used entirely on site

The plant will feed any excess power into the electrical grid and qualifies for the Net-Metering program with the Indian State of Telangana. This will result in a kWh for kWh credit on Nava Bharat Ventures’ electrical bill.

Imaan Javan, Director of Suntuity Renewable Energy India commented: “We are excited to have been able to deliver one of Hyderabad’s first Net-Metered High Efficiency Solar Systems using SunPower panels. With a 30% higher yield than standard efficiency solar panels currently in use, we are able to further enhance site capacity and our customers’ return on investment. This project is a model of our urban solar deployment capabilities which we are currently rolling out in multiple cities across India.

About Nava Bharat Ventures

Nava Bharat Ventures (NBV) is a publicly traded company that operates in the business verticals of power generation, mining, Ferro alloys and agri-business with operations spread over India, South East Asia and Africa. The Company’s major business segment is power generation. It produces thermal power using coal and bio-mass in India. NBV is also a leading manufacturer exporter of manganese and chromium ferro alloys from India. The Company also has long experience in agri-business, specifically in production of sugar and value added downstream products including bio-fuels. The core strength of the Company lies in project execution skills, efficient and eco-friendly operations and committed & competent human resources. For additional information, please visit; http://www.nbventures.com

About Suntuity Renewable Energy India

Suntuity Renewable Energy India (Suntuity India) is one of Asia’s leading solar PV developer and integrator. With in-depth expertise on Industrial and Utility scale Solar PV solutions, Suntuity India has designed and delivering PV Solutions in Asia and Africa for almost half a decade. With certified engineers and project managers on staff, Suntuity India is positioned to deliver Solar PV projects globally.

About Suntuity

With a strong portfolio and a global solar pipeline, Suntuity develops, finances and delivers solar energy solutions in markets around the world. From roof-top and off-grid projects to utility and commercial projects, Suntuity is strategically positioned to deliver across the range of technologies that make Solar Power a viable energy alternative today. Using innovative financing solutions, in-depth technical expertise, global experience and embedded process knowledge, Suntuity delivers Best-in-Class products and solutions that continue to push the boundaries on reduced time and cost to delivery with an ever increasing benchmark in system performance. For additional information, please visit; http://www.suntuity.com

Disclaimer:

The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this press release shall constitute an invitation to invest in neither Suntuity nor any of its affiliates. Neither Suntuity, nor Suntuity Network nor their affiliates' officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this press release, including, without limitation, any loss of profit, indirect, incidental or consequential loss. All Trademarks are the property of their individual owners.

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