Oerlikon Solar

Oerlikon Solar

Rossano Terzoli – Sales & Account Manager

Agenda

Company Presentation

1 Business Overview

2 Market Overview

3 Technology Overview

4 ThinFab™ Introduction

5 Summary

Agenda

1 Business Overview

2 Market Overview



5 Summary


… supplies capital equipment turnkey production lines a-Si/µc-Si

… supplies pumps used in vacuum coating processes, lamination and various other process steps


Oerlikon is a Provider of Clean-Technology Solutions

Oerlikon Solar

Oerlikon Vacuum

Oerlikon Drive Systems

Oerlikon Advanced Technologies

… supplies advanced gearboxes for Wind Turbines and complete transmissions for Electric Vehicles

… supplies coating equipment for front-and back-side coating of crystalline silicon solar cells

Oerlikon Solar at a Glance


Serving from 13 locations in 9 countries

Oerlikon Solar’s vision is to make solar power economically viable.

� A leading suppliers of production lines for thin film silicon modules

� More than 870 MW contracted to-date

� Approximately 700 employees including 300 scientists and engineers as well as 200 global customer personnel

� R&D investments of more than MCHF 200 in last 4 years

Milestones in Oerlikon Solar’s History


1st equipment sale - Schott Solar

1st Micromorph® end-to-end production line contract

TUV certification for Micromorph®

Micromorph®

technology patent

PV lab at IMT

1st functional 1.4 m2 a-Si module

Oerlikon founds own R&D lab

launch of ThinFab € 0.50/Wp

Champion cell 11.9% efficiency

10% efficiency average

1986 1989 1993 2003 2004 2005 2008 2009 2010 2011

Technology roadmap to 12% efficiency

1st ThinFab™ sold

Concept & product

Commercalization & Mass Production

Opportunity identification

VHF PECVD deposition

1st customers in commercial production

Agenda

1 Business Overview

2 Market Overview



5 Summary


Driven by Fundamental Drivers – PV Markets have Consistently Exceeded Analyst Expectations


Energy Demand

Conventional Energy Costs

Fossil Resources

Environmental Regulations

National Security

Source: Navigant Consulting, Feb 2011

2 36 7

14

1921

27

38PV Growth (GW): +2,006%

46%

Thin Film Technologies

Photovoltaic (PV)

Solar Technologies OverviewOerlikon Solar is the World Leader in Advanced Thin Film Silicon Technology


Solar Power

Concentrated Solar Power

Wafer based

C-Si TF-Si CdTe CIGS

Oerlikon Solar Customer Update Reaching the Giga-Watt Landmark

Customer Location Technology Type Project MW

Bosch Solar Germany Micromorph® Equipment 40Schott Solar Germany Amorphous Equipment 40CSG Germany Amorphous Equipment 20Sun Well Taiwan Amorphous Turnkey 50Inventux Germany Micromorph® Equipment 30

Auria Solar Taiwan Micromorph® Turnkey 60

Pramac Switzerland Micromorph® Turnkey 30

Astronergy China Micromorph® Turnkey 30/75Tianwei China Micromorph® Turnkey 46/75Gadir Solar Spain Amorphous Turnkey 40

Heliosphera Greece Micromorph® Turnkey 60

Hevel Russia Micromorph® Turnkey 130

DongXu China Amorphous Equipment 60

Gongchuang China Micromorph® Turnkey 40Asian Customer

Asia Micromorph® Turnkey 120

TOTAL 870 MW

* upgrade to total 75 MW in 2011

76%

24% Amorphous

Micromorph

78%

22% Equipment

Turnkey

43%57%

Asia

Europe


More than 5 Million Panels Produced on Oerlikon Equipment


Saarbrucken, Germany 2.77MWp project commissioned June 2010, Ground mounted, Financing by LevoBank eG

Thin Film is Well-Positioned for Future Markets

Clear sky isolation incident, horizontal surface (kWh/m³/day)

Source: NASA 2008World market 2020

World market 2010

7.576

5

4

3

Average annual groundsolar energy(1983-2005)


Agenda

1 Business Overview

2 Market Overview



5 Summary


Oerlikon Solar Thin Film Silicon TechnologyLowest Cost, Highest Efficiency


Cell Structure Cell Cross Sections Spectral Cell Sensitivity

Micromorph ®

Amorph

Oerlikon Solar Providing Turnkey Mass Manufacturing Solutions


Think Thin with Oerlikon Solar TechnologyBest in Class Equipment Utilization and Production Control

Front End Back End


Thinner silicon absorber

Thinnest laser “dead zone”

Unique thin film front contact

Thinner,simpler back end process

Thinner module glass, reduced weight

Agenda

1 Business Overview

2 Market Overview



5 Summary


THINFAB™End-to-End Glass to Module Production Factory

Module Efficiency 10% / 143 WpModule Size 1.1 x 1.3 m2

Technology Micromorph®

Annual Output 120 MW ~850‘000 ModulesYield 97%Module production cost < € 0.50 per watt


THINFAB™ - Investment Analysis

THINFAB Payback €/W

Capital Investment (Equipment Only)

1.00

Module Production Costincl. Depreciation

0.50

Expected Module ASP 0.70-0.80

Gross Margin (%) 30-40%

Payback Period3.5-4.5 years

Energy Payback Period < 1 year

PV Module

“Swiss Quality Made Locally”

Localized PV Supply Chain

E2E in-house factory

Gases

Glass


Oerlikon Solar Roadmap to 12% Module Efficiency

70

90

110

130

150

170

Sta

biliz

ed P

ower

(W

att)

2009 10 11 12 13 14 2015

Champion cell

Champion module

Today

Structured glass

New Module Design

Thin layers 200/800nm

ThinFab™ process

Advanced bottom cell process11.9%

4.9%

6.3%

7.7%

9.1%

10.5%

Efficiency

Improved Process

Year of Module Production(Equipment Order � Prior Year)


Beyond Certification - Higher-level Stress TestingMicromorph Demonstrates Superior Reliability

The red indication corresponds the time range where the module had less than 80% of the initial power �failure. Gray color represents at least 80% from initial power. All @ -1000V if not described

OLD design

P7 -4000V

P7

P7 – with ES

A

B

C

E

D

F

G

H

0 500 1000 1500 2000 2500 3000 3500

91.1% from initial power

95.4% from initial power

BDH hours 4000….

Benchmark Crystalline

Thin F

ilm –

Several m

anufacturers

Oerlikon D

esign96.3% from initial power

5000 6000


Proven Outdoor Performance

Hot & Dry Climate

Moderate European Climate Grid Connected Test Arrays

� Comprehensive Technology Benchmarking

� Different Climates: Moderate European (CH), Hot & Dry (Arizona, USA), Alpine (under construction)

� R&D: Continuous Product Improvement

� Project Development and Funding: Test program supports Oerlikon Solar Customers, Project Developers, Investors, Banks as well as Institutes


Competitive Advantage of Thin Film onEnergy Consumption & Payback

Photovoltaic Energy Payback (yrs)

-67%

TF-Si(OS µc-Si)

CdTe

1.00

CIGS

1.90

c-Si

3.00

Carbon Footprint (g Co2 eq/kWh)

Wind

-96%

Nuclear

TF

(OS

µc-S

i)

Geotherm

al

Biom

ass

Gas C

C

Oil

Coal


Cost of Electricity with Oerlikon Solar Technology

10 €¢/kWhNow available in Turkey

Module cost 0.50 €/WpOverhead Margin 0.18 €/WpModule price 0.68 €/WpBOS cost 0.78 €/Wp

Total system cost 1.46 €/Wp

Electricity cost 0.10 €/kWh

Agenda

1 Business Overview

2 Market Overview



5 Summary


Summary - Key USPs of Oerlikon Solar’s THINFAB™ Technology

� Lowest PV module production cost€ 0.5/Wp with local production at reasonable scale of 120 MW

� Innovative Micromorph® technology10% average efficiency guaranteed today, roadmap to 12%

� Proven ThinFab™ manufacturing solutionGuaranteed performance, over 97% line yield, 120MW per year

� Highest PV electricity yieldOver 5% more electricity generation, especially in low light and high temperature conditions

� Lowest carbon footprintEnergy payback time less than one year

� Most environmentally friendly PV technologyNo toxic material, no scarce resources


With the capacity of one ThinFab™ 200 million kWh are produced in a year

Lighting more than 30,000 houses in US or 150, 000 in India

AndCreating 200 direct jobs and >1500 indirect jobs

In Engineering, Finance, IT and EducationAnd

Our promise to keep the world at the cutting edge of technology

Thank you for your attention!


Disclaimer


This presentation is based on information currently available to management. The forward-looking statements contained herein could be substantially impacted by risks and influences that are not foreseeable at present, so that actual results may vary materially from those anticipated, expected or projected.

Oerlikon Solar

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