Big Solar to Install more than 4MW of SolarEdge Power Harvesting Systems in Greece

SolarEdge Technologies, Inc. a provider of end-to-end Distributed Solar Power Harvesting and monitoring solutions, and Big Solar, a part of the distinguished Bitros Group and a leading provider of photovoltaic products and services in Greece, announced that Big Solar will install more than 4MW of SolarEdge power harvesting systems in Greece, as part of the expanding partnership between the two companies. With SolarEdge's 12.5kW inverters and power optimizers, BigSolar is positioned to provide an ideal solution for the popular 100kW installations in Greece. The distributed SolarEdge solution includes PowerBoxes - module-integrated power optimizers, single- and three-phase solar inverters ranging between 3.3kW - 12.5kW, and a PV monitoring portal for module-level diagnostics. Big Solar is active in planning, development, trade and management of PV installations. With a significant share of the Greek market, the company aims at the fast growing segment of residential and commercial rooftops as well as solar-farms. "The SolarEdge solution presents numerous benefits for PV Installers and system owners of all system types" said Ioannis Bitros, President and main shareholder, "the new three phase inverters will allow owners of commercial and medium size installations to enjoy all these benefits in addition to enhanced efficiency and cost reduction. The 12-20 year warranty further contributes to faster return on investment." Since the third quarter of 2010 Big Solar has sold more than 200 residential SolarEdge systems. Fragiskos Valavanis, General Manager of Big Solar says: "we were impressed by the SolarEdge solution from the beginning, but now we have a track record that speaks for itself. We have many satisfied customers with installed SolarEdge systems. In one case, our customer installed two residential 5kW systems side by side, one with a leading traditional inverter and the other with a SolarEdge system. The SolarEdge system constantly produces 4%-6% more energy which translates into significant financial gains for the home owner". "We are very happy to strengthen our collaboration with Big Solar" said Zvi Lando, VP Global Sales of SolarEdge. "Big Solar's business experience and strong market position combined with the extended SolarEdge portfolio create an ideal fit for the wide opportunities in the Greek PV market". About Big Solar Big Solar S.A. (www.bigsolar.gr) was founded in 2009. Its core activity is the planning and development of photovoltaic systems for electricity production through solar energy. It belongs to Bitros Group (www.bitros.gr) that holds a distinct position in the Greek business scene for the past 65 years. The Group's huge business experience (with emphasis on the import, trade, stock management and distribution), the strong financial position, the close relation to the metallic constructions sector, the extensive construction activity, the highly qualified experts that cover the need for the management of complex projects are the competitive advantages of Big Solar. These advantages can guarantee high quality in competitive prices for its clients. BIG SOLAR S.A. covers the whole spectrum of photovoltaic services and in more detail. At present, BIG SOLAR manages projects in the range of 25 MW in different stages of development, while during 2010 has sold 5 MW in equipment. About SolarEdge SolarEdge provides end-to-end distributed solar power harvesting and PV monitoring solutions, allowing maximum energy production for faster return on investment. The SolarEdge PowerBoxes™ are DC-DC power optimizers that perform MPPT per individual panel while monitoring performance of each panel and communicating across existing power lines. Moreover, PowerBoxes maintain a fixed DC string voltage, allowing optimal efficiency of the SolarEdge PV inverter, which is tailor made to work with power optimizers. As a result, the SolarEdge system provides optimal power, eliminates design constraints, provides comprehensive panel-level and whole-system visibility for monitoring and maintenance alerts, addressed safety hazards and provides anti-theft mechanisms. SolarEdge is online at www.solaredge.com