S-Energy America Brings Clean Renewable Solar Power To Los Angeles County Schools

3.33MW of Solar Capacity Installed at Lynwood Unified and Bassett Unified School Districts

Irvine, CA /PRNewswire/ - S-Energy® Co., Ltd. (095910:KOSDAQ), Korea's #1 manufacturer of high-quality PV Solar Modules, has completed the installation and grid connection of 3.33 megawatts of solar carport structures at 2 Los Angeles County, California school districts. S-Energy America, the wholly owned US operation of S-Energy, provides CVD-free Korean-made modules to major residential and commercial solar installers throughout North America, as well as development, financing and operations expertise to move solar projects to completion.

"S-Energy is pleased to be able to leverage our Company's broad experience in solar technology and development to make these projects a reality," said David Kim, President of S-Energy America.

S-Energy contracted Gehrlicher Solar America, a leading engineering, procurement and construction (EPC) firm, to install over 7,000 S-Energy PC8 72-cell modules at 12 school facilities within the Lynwood Unified School District. Another 4,400 S-Energy high-performance solar modules were installed at 6 school facilities within the Bassett Unified School District in the City of La Puente. The solar installations will offset more than 50% of each school's electricity usage and will ensure a constant, low-cost source of clean energy via a power performance agreement between S-Energy America and the School Districts. Key Equipment Finance, a division of KeyBank National Association, provided additional financing for the project.

"The solar panels that are now at many of the schools within our district are not only a commitment to the environment in which our families live," said Peter Wong, Chief Business Official of the Lynwood Unified School District. "They also help fulfill our goal to lower operational costs and put more of our taxpayer's funds directly into the classroom."

"S-Energy's high quality products and strong financial standing make them a natural partner to collaborate with on solar project funding," said Luis Gutierrez of Key Equipment Finance. "We were able to work together to provide an extremely attractive lease rate based upon the financial standing of its parent company and merits of the underlying projects."

S-Energy Co., Ltd., formed as a spin-off of Samsung Electronics, is one of the global solar industry's oldest and most experienced module manufacturers – continuously building PV modules since 1994. The Company's reputation for industry-leading quality and long-term performance is backed by 20 years of field operating data. S-Energy's project development activities include building some of the world's first megawatt scale solar power plants dating back to 2006.

About S-Energy Co., LTD
Started as Samsung Electronics Solar Division in 1994 and subsequently spun-out as S-Energy (095910:KOSDAQ), the Company is one of the industry's oldest and most experienced PV module manufacturers. S-Energy is headquartered in Seong-nam, South Koreaand maintains in excess of 30% market share of Korea's domestic PV market. S-Energy, the first renewable energy company listed on the KOSDAQ in 2007, is one of the most financially stable global PV module OEMs with consistent positive operating margin and low debt to equity ratio. The Company provides module sales and project expertise in North and Latin America through SEAI America, Inc. (doing business as, S-Energy America) based in Irvine, California. Learn more at www.s-energy.com/us.