Waaree Corporate Profile

Waaree Energies Ltd.

www.waaree.com Corporate Profile

Sun Power ForeverTM

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Solar Energy Solutions

Industrial Valves & Level

Gauges

Petroleum & Gas Equipment

Industrial Products

Waaree Group

Group - Business Interests

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Group Companies

WAAREE, offers a large range of Industrial Products and Process control instruments. These products are available to customers through wide chain of Retail Outlets and Online sales

Waaree Energies Ltd. is one of India’s most diversified & fastest growing solar power solution company having its 250 MW PV

module manufacturing plant in Surat, India Cesare Bonetti SpA, Italy, a world leader in the manufacture of Level Gauges and Valves, with an existence which dates back to 1905.

Waaree MM Petro is an Indian Joint Venture between the Waaree Group and a European LPG System - MM Petro Sp zoo from Poland.

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Waaree Group - 24 years of excellence

Waaree Energies

700 + People Operating in 10 Countries Module Manufacturing EPC Power Project Installation Rooftop Systems Solar Thermal Solar Water Pumps Solar Power Generation

Waaree Group Established in 1989 Presence in 68 Countries Industrial Valves & Level Gauges Petrol & Gas Equipment Industrial Products Solar Energy

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The core values of our organization are those values that underlie our work & strategies we employ to fulfill our vision & mission.

By virtue of our commitment to our stakeholders, we strive for continuous improvement in the quality of our products & services.

Business Values

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Waaree Energies - Augmentation

2010

2011

2012

2013

279

1104

2344

3100

Revenue In Million (INR)

CAGR @ 163%

CAGR -The year over year growth rate applied to an investment or other part of a company's activities over a multiple-year period

700+ Employees

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Company Profile

Established in the year 2007

Revenue growth from 279 million in 2010 to 3100 million in 2013

CAGR @ 163%

250 MW Manufacturing Plant

ISO 9001:2008 & ISO 14001 certified

Technology

Using proven European / Asian superior Technology with leading Solar Photovoltaic Equipment providers from Europe & Taiwan

Products & Services

Designs and manufacture of PV Solar Modules

EPC Turnkey Solutions

Rooftop Systems

Solar Thermal Solutions

Solar Water Pumps

Solar Gadgets

Global Presence USA

Australia Middle East

Dubai Qatar Oman

Asia India Bangladesh Nepal

Europe Italy Spain

ENERGIES

Waaree Energies

www.waaree.com

Mumbai HO

Delhi

Kolkata

Pune

Bangalore

Ahmedabad

Raipur

Jaipur

Dehradun Chandigarh

Bikaner

Jodhpur

Udaipur

Gandhinagar Rajkot

Bhopal

Nagpur

Hyderabad

Coimbatore

Chennai

Vizag

Bhubaneswar

Ranchi

Patna Lucknow

Extensive Pan India Presence

100 + Channel Partners

Guwahati

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Asia • India

• Bangladesh • Nepal

Middle East • Dubai

• Qatar • Oman

Australia • Adelaide • Melbourne

North America • California

Europe • Italy • Spain

Significant Global Presence

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Technology

• Manufacturing capacity of 250MW by July 2013

• High Efficiency Cells by proven European & Asian technology such as Gintech - Motech

• Modules in the Power class of 3 wp to 300 wp with 240wp family for 60 cells Modules and 280wp family for 72 cells.

• Current module efficiency around & excess of 16%

• Producing Poly Crystalline as well as mono-crystalline modules

• Manufacturing process follows the best International Industry Standards and Practices

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Research & Development

Our R&D facilities for

improving efficiencies and

product & process

innovations .

We also have tied up with

eminent institutes like:

Indian Institute of

Technology

Southern University of

Australia

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Strategic Alliance

Strategic Partnership – EPC • Tie-up with SOLIDA, Spain for providing

complete TURNKEY solutions • “Till date SOLIDA team has connected

more than 4900 MW of renewable energy power plants across the world.

Strategic Partnership – EPC • Tie-up with VT Energy , Italy for various

EPC projects/Tenders of Solar PV Plants. VT Energy is a renewable energy company, a division of VT Telematica, a leader in the ICT market.

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Manufacturing Infrastructure

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Engineering Team Infrastructure

Construction Team

Design Team

Installation Partners

O&M Team

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Waaree Group – Awards & Recognitions

Winner of ET Leaders of Tomorrow 2012 – Electrical & Electronics Category

Mr. Kirit Doshi receiving an award from Ex-President Smt. Pratibha Patil Mr. Viren Doshi receiving an award from Shri Anand Sharma

Mr. Kirit Doshi receiving an award from Shri. Kamal Nath

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Certifications

National & International

Accredited Certifications

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Waaree Energies – Business Verticals

Mega Watt (M.W.) Scale Utility

Kilowatt (K.W.) Scale Utility

PV modules

solar street lights, solar lanterns, home lighting systems

Complete replacement for Diesel pump used for irrigation

Solar Water Heating Systems

Heat/steam generation and cooling solutions for Industrial Applications

Independent Solar Power Generation

Off Grid / KW Rooftop

Solar Thermal

Modules & Products

Solar Water

Pumps

On Grid

Off Grid

EPC MW Projects

Power Generation

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EPC Solutions & Services

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Waaree EPC Services

ngineering rocurement E P onstruction C

Project Design Electrical Design Structural & Civil Design Evacuation Design Monitoring Design Project management

PV Modules & Inverters Other BOS

Land Development Civil for structure Civil for Control Room Evacuation of Power Utility

Pre- Project Engineering &

Land Acquisition

Detailed Engineering

Project Management

Installation & Commissioning

Operation & Maintenance

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250 MW Manufacturing

Plant

Engineering Expertise Quality Benchmark

Maximal Profitability IRR

Swift Project Execution

Global Exposure Strategic alliances

Waaree EPC Proficiencies

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100 + MW Project Experience

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Record Time Project Commissioning Credentials

Why Work with Us?

Speed of Execution

Leading corporate conglomerate minimizing the risk associated with any size of project.

Robust Background

In-house manufacturing of PV modules enabling optimal costing, quality and delivery

In House Facilities

Industry-leading innovations in system design and construction to optimize energy production and system reliability

Value Engineering

A solar energy powerhouse, backed by portfolio of some of the most significant solar energy projects.

Proven Experience

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MW – EPC Projects

Capacity Company Project Location Commissioned On

11.2 MWp M/S Mono Steel Gujarat, India Commissioned

6 MWp M/S Green Tech Rajasthan, India Commissioned

5.75 MWp M/S Badresh Trading Susner, India Commissioned

5.75 MWp M/S Sai Baba Sugar Latur, India Commissioned

5 MWp M/s Avataar Solar Gujarat, India Commissioned

5 MWp M/s Taxus Infrastructure Gujarat, India Commissioned

3.25 MWp M/S Abellon Energy Gujarat, India Commissioned

1 MWp M/S Rays Power Rajasthan, India Commissioned

2 MWp M/S Claris Life Sciences Gujarat, India Commissioned

5 .75 MWp M/s Friends Group Susner, India Commissioned

27.5 MWp M/S Roha Group Rajasthan, India Ongoing

2 MWp M/s Vaibhav Ahmednagar, India Ongoing

1.5 MWp M/s Haldirams Nagpur, India Ongoing

2.4 MWp M/S Prachar Communications Rajasthan, India Ongoing

1 MWp M/s SRG Apparels Pvt. Ltd Tirupur, India Ongoing

5 MWp M/s Ajmera Ichapur, India Ongoing

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MW - EPC Project Details

Sr. No

Client Size Location PV Modules Start Date

End Date

Power Gen. Yearly

1 Mono Steel India 10 MW Una, Gujarat Poly Crystalline, 280Wp Waaree

15/8/11 25/1/12 17436 Mwh*

2 Green Tech 5 MW Kolayat, Rajasthan

Poly Crystalline, 280Wp Waaree

10/12/11 28/2/12 8412 Mwh *

3 Abellon Energy 3 MW Modasa, Gujarat

Poly Crystalline, 230 Wp 280Wp Waaree

22/11/11 28/1/12 4800 Mwh *

4 Rays Power 1 MW Pokran, Rajasthan

Poly Crystalline, 230Wp Waaree

15/9/11 13/2/12 1281 Mwh

5 Claris Life Sciences

2 MW Modasa, Gujurat

Poly Crystalline, 280Wp Waaree

23/11/12 27/12/12 3072 Mwh**

6 Shree Sai Baba Green Power

5 MW Latur, Maharashtra

Thin Film, 100 Wp, 140 Wp, 145 Wp, Nexpower

10/9/12 30/1/13 9360 Mwh**

7 Avatar Solar 5 MW Patan, Gujarat Poly Crystalline, 280Wp Waaree

23/10/12 31/3/13 7690 Mwh**

8 Taxus Infrastructure

5 MW Kutch, Gujarat Thin Film, 95 Wp, Sungen 5/1/13 31/3/13 7500 Mwh**

9 Friends Group 5 MW Susner,MP Poly Crystalline, 280Wp Waaree

2/1/13 31/3/13 8900 Mwh**

*Based on 10 months actual generation figures **Based on Projected Figures

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Commissioned Projects

Company M/s Mono Steel India Ltd.

Place Gujarat, India

Size 10 MW

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Company M/s Green Tech

Place Rajasthan, India

Size 5 MW

Commissioned Projects

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Company M/s Abellon

Place Modassa , India

Size 3 MW

Commissioned Projects

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Company M/s Friends Group

Place Susner, India

Size 5 MW On Grid

Company M/s Sai Baba Sugar

Place Latur, India

Size 5 MW On Grid

Commissioned Projects

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Off Grid / KW Roof Top Solutions

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Rising cost of Electricity makes it the best time to invest in Waaree Kw Systems

Be an Independent power producer, not only does a system pay itself in 3 years off via Subsidies and lower, or, No electricity bills;

Investment in Rooftop Systems further attracts Tax Benefits

A standard kW system installation, is Affordable for almost anyone to get started on a Greener, Cleaner and Cheaper way forward!

Installing a Rooftop KW system will instantly add to the value to your business or

home Your most Profitable investment ever!

Investing in a Rooftop System

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In-house manufacturing of PV modules ensure budget solutions, with top end quality

Waaree Rooftop Systems Advantage

Economical

We offer customized modular design to meet all topography & engineering requirements of each project

Modular Design

Our systems are designed by extensive computer simulations and testing to yield maximum power generation

High Power Yield

Waaree has been empanelled as a channel partner for Central & State Renewable Agencies like MNRE, ANERT to avail special subsidies & implementation of off grid projects

Renewable Partner

From Conceptualizing to Commissioning and the Best after sales service Complete Solution

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KW Rooftop Projects

Capacity Company Project Location Commissioned On

100 KWp M/s Surat Municipal Corporation Gujarat, India Commissioned

100 KWp M/s VVP Engineering College Rajkot, India Commissioned

305 KWp M/s Urja Vikas Ltd. Hazira, India Commissioned

100 KWp M/s Bonetti Vapi, India Commissioned

310 KWp M/s Rajasthan State Agriculture Rajasthan, India Commissioned

20 KWp M/s L&T Hazira, India Commissioned

44.8 KWp M/s BPCL Kota, India Commissioned

25 KWp M/S UREDA Uttaranchal, India Commissioned

16.8 KWp M/S Chembond Chemical Mhape,India Commissioned

3 KWp M/S Crompton greaves Ahmednagar, India Commissioned

15 KWp M/s Ahmedabad Municipality Corp. Usmanpura, India Commissioned

50 KWp M/s CPWD Jaipur, India Commissioned

42.4 KWp M/s Central Electronics Ltd Delhi, India Commissioned

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Company M/s Surat Municipality Corp.

Place Gujarat

Size 100 KW On Grid

Company M/s VVP Engineering College

Place Rajkot, India

Size 100 KW Off Grid

Commissioned Projects

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Company M/s Urja Vikas Bhavan

Place Uttrakhand, India

Size 25 Kw w/ battery backup

Commissioned Projects

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Company M/s UREDA

Place Uttrakhand, India

Size 25 Kw w/ Battery backup

Company M/s Chembond Chemicals Pvt. Ltd

Place Rajkot, India

Size 16.8KW On Grid

Commissioned Projects

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Commissioned Projects

Company M/s L&T

Place Surat, India

Size 20 KW On Grid

Company M/s BPCL

Place Rajkot, India

Size 44.8 KW w/ Battery Backup

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MAP Modules & Products

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POLY/MONO - CRYSTALLINE SOLAR PV MODULES

Features

High conversion efficiency based on leading innovative photovoltaic technologies

High reliability with guaranteed 0~+4.99 Wp power output tolerance, ensuring ROI

Withstands high wind-pressure and snow load (passed 5400Pa mechanical loading test),

and extreme temperature variations

Optimal output over decades, with very good low light response

PV Modules

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PV Modules - The Latest Offerings

WS 300 Series POLY-CRYSTALLINE SOLAR PV MODULE

WS Colored Series Photovoltaic modules with colored cells & vibrant designs

WS Flexible Series PV modules can be used on any curved or hard wearing surfaces

WS BIPV Module Replacing conventional building materials such as roof,

skylights, or facades

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Waaree Modules International Installations

Capacity Company Project Location Year

5 MWp M/S Sacchi Giuseppe SPA Italy 2011

2MWp M/s Fliegl Energie Germany 2010

1.3 MWp M/S Feliciony Energy Italy 2010

740 KWp M/S Sidernet SPA Italy 2010

500 KWp M/S ECOJOULE S.R.L. Italy 2010

507 KWp M/S Ferla Energy Srl Italy 2010

500 KWp M/S V.T. Telematica S.P.A. Italy 2010

200 KWp M/s Triptis Germany 2010

156.4 KWp M/s San Martino Italy 2011

101.2 KWp M/s Mazza Quinto Italy 2010

550 KWp M/s Gookir Global Turkey 2010

138.6 KWp M/S Divko, S.R.O Spain 2010

180 KWp M/s Nessel Groove United Kingdom 2011

165 KWp M/s Energy Investment Malta 2010

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Waaree Modules Installations

Company M/S Feliciony Energy

Place Italy

Size 1.3 MW On Grid

Company M/s Sacchi Giuseppe

Place Italy

Size 5 MW On Grid

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Company M/s Sidernet

Place Italy

Size 740 KW On Grid

Company M/s Ecojoule

Place Italy

Size 500 KW On Grid

Waaree Modules Installations

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Company M/s Divko

Place Spain

Size 138.6 KW On Grid

Company M/s San Martino

Place Italy

Size 156.4 KW On Grid

Waaree Modules Installations

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Company M/s San Martino

Place Strada, Italy

Size 156.4 KW On Grid

Company M/s Mahindra

Place Bangalore ,India

Size 35 KW BIPV Modules

Waaree Modules Installations

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SUNBLESS Series

Plug & Play Power Solutions

Fulfils Power Requirement for conventional applications ( Light, Fan, TV, Refrigerator)

Hybrid System (Works on Solar & AC Mains)

Built in Battery Bank & Inverter

Available Series from 300 W to 3000 W

Easy Installation, Operation, Minimal Maintenance

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Lighting Systems

Apollo Series Solar Street Lights LED & CFL Technologies from 9Wp to 80Wp

Solar Lanterns – CFL Models 5W to 7W LED Models – 2.5 to 3.6 Wp

Home Lighting Systems CFL & LED Models – 18Wp to 74 Wp

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Street Lighting Projects

Company Dwarka & Paddhari Railway

Place India

Size 10-30 Wp Solar Street Lights

Company Dusseldorf Street Light Project

Place Germany

Size 20 Wp Solar Street Lights

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Solar Essentials Portable Kit

Eco Diva Task Light

Mobile Charger

Camping Light

Motion Sensor Light

Solar Bag Pack

Radio with inbuilt torch/siren

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Solar Water Pumps

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Applications & Features

Agriculture

Sprinkle Irrigation

Drip Irrigation

Mass Irrigation

Swimming Pools

& Resorts

Water Supply

Townships

High-rise Buildings

Row Houses

Easy & low maintenance

Central & State subsidies

Reverse polarity & dry run protection

Long lasting solution

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Solar Pumps – Diesel Pump Replacement

Solar Water Pump Diesel Pumps

One time Investment Continuous investment in diesel & operations

No Inflation burden Rise in diesel prices an ongoing burden

Zero Running Costs Huge Running Costs

Low Maintenance Very High Maintenance Costs

Independent operation Continuous Manpower Requirement

Government Subsidies on Solar Pumps No subsidy on pumps

Zero Noise & Environment Friendly Noise & Environment Pollution

Long Product Life Short life expectancy

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Solar Water Pumps Range

Bore well Submersible Pump (Helical) Discharge – 2700 to 4000 LPD

Bore well Submersible Pump (Centrifugal) Discharge – 2500 to 75000 LPD

Open well Submersible Pumps Discharge – 35000 to 60000 LPD

Surface Pump (Monoblock) Discharge – 500 to 120000 LPD

Swimming Pool Pump Discharge – 1300 to 30000 LPD

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Company M/s Alhodaidah Governorate

Place Yemen, Middle East

Size 2 Hp Solar Water Pump

Company Ms/ RHDS

Place Rajasthan, India

No's 1354 Solar Water Pumps

Commissioned Projects

1354 Pumps

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Company M/s Kumar Brothers

Place Bihar, India

Size 4 Nos - 2 Hp Solar Water Pump

Company Individual Farmer

Place Tamil Nadu, India

Nos 2Hp Solar Water Pump

Commissioned Projects

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Solar Thermal

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Solar Hot Water Systems

Top of the Line Engineering with high density PUF insulation for efficient heating

Technology for today with specially designed collectors to harness sun energy

Superior Quality, Low Maintenance, Best After Sales Service (1800-21-21-321)

Quick Pay back period within 3 years of purchase

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Water Heater Installations

Company M/s Nand Prabha Prasad

Place Palitana, India

Size 3500 LPD ETC Collector System

Company Ajahar Temple

Place Una, Gujarat, India

Size 1000 LPD ETC Collector System

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Company M/s Sheth Devchand Tedhi

Place Junagadh, India

Size 2000 LPD Flat Plate Collector System

Water Heater Installations

4500+ feet

installation

Company M/s Dhadha Bhavan

Place Palitana, India

Size 1000 LPD ETC Collector System

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Testimonials

www.waaree.com

“Waaree WS 230 PV Modules met our expectations in terms of quality, performance & delivery. They provided my business with excellent quality, on time delivery & support” - Mr. Dusan Divko, CEO

“Team Waaree, is a company synonymous with solar EPC. To manage each and every thing for 2 MW solar power plant within 35 days is not a joke as it requires meticulous planning, understanding of subject and requirements at site, we appreciate efforts of all involved from Waaree Group” - Mr. Sanjay Shah, VP-Technical

“For the installation of 1300 K W roof top with WAAREE 230 Wp modules, your company has provided with excellent services as regards to the complete installation & technical support.” - Francesco Felicione, CEO

“We have regular business with WAAREE ENERGIES PVT' LTD for solar panels since July 2009, during which company has provided us Excellent quality, On time Delivery and technical support. There are many manufacturers of solar panels all over lndia, in Gujarat and in other states but we have approved only WAAREE for solar panels taking in to consideration of all above factors.” – Vishnu Patel, Partner

“We have procured & used Waaree Solar Photo Voltaic modules Ws 230 for our 500 Kw installation at BOGOGNO, the company has provided the same with excellent quality , in time delivery & technical support. These modules are performing satisfactorily since the date of

commissioning” – Ecojoule SRI, CEO

Client Speak

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“I'd put my money on the sun and solar energy”

“I hope we don't have to wait 'till oil and coal run out before we tackle that”

Thomas Edison (1847 – 1931)

Thank You