Ms. Rosie Pidcock reports

UGE INTERNATIONAL AND BLUE SKY ENERGY EFFICIENCY PARTNERSHIP

UGE International Ltd. and Blue Sky Energy Efficiency, a specialist developer and financier of energy management projects, are partnering to deliver fully financed solar energy to commercial businesses in China. The partnership will finance and install on-site solar systems with zero upfront cost, immediately lowering clients' energy costs and providing a reliable and clean source of energy.

UGE and Blue Sky will provide local and multinational corporations operating in China with a turnkey solution for their facilities through the use of a power purchase agreement. Already widely utilized in the United States, the PPA is a third party financed structure wherein a financier owns the solar energy system and sells the electricity in a long-term contract to an off-taker. The two companies announced that financing is immediately available for qualified clients, with the goal to develop a leadership position in the local market.

"Blue Sky and UGE are bringing an innovative solar energy financing structure to China that will make it possible to rapidly expand use of on-site renewable energy with no money down," said Rosie Pidcock, senior manager of commercial solar for UGE. "Businesses operating in China are seeking reliable, affordable energy, and our partnership provides the country's first solution specifically targeted at the world's largest commercial sector."

"Blue Sky is extremely pleased to have partnered with UGE to structure power purchase agreements for customers in the Chinese market. We believe our role in providing timely and cost-effective financing to China's distributed solar and energy management market will continue to grow in importance," said Tienyu Sieh, chief executive officer of Blue Sky Energy Efficiency.

Renewable energy deployment continues to grow rapidly in mainland China. By eliminating upfront costs to the customer, solar PPAs are an affordable way for customers to benefit from solar energy, including reduced electricity bills, long-term-cost certainty and the positive corporate social responsibility impact of going green.

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