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   Date: 4th Aug 2010

Enel, Sharp and ST join hands with aim to build Italy's largest Solar PV factory

Enel Green Power, Sharp and STMicroelectronics have signed a binding letter of commitment to build Italy's photovoltaic panel factory. The release says the new factory, whose yearly output is expected to reach 480 MW over the coming years, will be Italy's largest photovoltaic panel manufacturer from the first day of operation. Panel production at the Catania plant is scheduled to begin in the second half of 2011.

Enel Green Power and Sharp have also created a separate joint venture, Enel Green Power & Sharp Solar Energy - ESSE, for the construction and joint management of solar farms for the generation and sale of electricity in the Mediterranean region, using the panels produced by the Catania plant. The total installed capacity is projected to be over 500 MW by 2016.

This partneship aims to tap the most promising solar markets in Europe, the Middle East and Africa, with a particular focus on the Mediterranean area, the region in which Enel Green Power and Sharp already have extensive sales networks. Enel is leveraging sharp and ST's semiconductor expertise to lead in this market.

          
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