The Solar Energy Industry

Worldwide Energy & Manufacturing USA, Inc. operates primarily within the PV sector of the rapidly growing solar market. Consider the following research regarding the solar industry:

Solar Industry Overview

• Global electric power industry revenues reach ~ $1 trillion per year;*
• Global photovoltaic installations increased by 5,948 MW in 2008, up from 2,826 MW installed in 2007, a 110% increase.*
• High fuel costs and environmental issues are forcing the shift to clean energy*.
• Solar continues to be one of the fastest growing sectors within the clean tech industry.*
• Demand has grown approximately 30% per annum over the past 15 years.*
• Overall PV market entered a recovery phase beginning in second quarter of 2009.*
• Global PV installation market grew to 7.3 GW in 2009, up 23% year-over-year.*
• World PV market expected to reach 8.2 GW to 12.7 GW of new installations in 2010.*
• High fuel costs and environmental concerns forcing shift to clean energy.*

* Source: Solarbuzz, European PhotoVoltaic Industry Association (EPIA)

Explosive Growth anticipated in Solar marketplace

iSuppli Corporation, a provider of market intelligence services, estimates that global PV installations will grow at a CAGR of 63.7% from 2009 to reach 19.3 GW by 2011. The data provider noted that Germany, the world's largest solar market, experienced stronger than expected growth this year, causing it to boost its 2010 forecast to 15.8 GW from 14.2 GW. In addition, Pike Research, a market research and consulting firm that provides in-depth analysis of global clean technology markets, believes that several key factors will lead to a "remarkable increase" in solar demand over the next three years, including:

• Largely untapped U.S. solar market that it expects will increase substantially in 2011 and beyond as States seek to reach renewable portfolio standard (RPS) goals and the federal government reinstates and adds to solar incentives;
• China's large need for solar power in grid-isolated regions to supply peak power demand and reduce emissions from coal-fired power plants, which it is anticipated will drive a national FIT and other incentives by the second half 2011;
• A much wider array of countries that are contributing to solar demand, most notably Italy, France, the United Kingdom, and Canada;
• Anticipated grid parity that may be reached by more than 50% of the world's regions by 2013 as grid power costs continue to climb and solar costs continue to fall;
• Significantly improved project financing ability.