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World Class PV Manufacturer 2019 V3.7

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Page 1: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

World Class PV Manufacturer

2019 V3.7

Page 2: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

After a dismal economic downturn that drove numerous other module

manufacturers out of business, Seraphim emerged as a rising star with eye-

catching performance and a focus on reliability.

1

SHIFTINGSPROUTING

Page 3: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

COMPANY PROFILE

Founded in 2011, Seraphim has registered impressive achievements in a short time. Seraphim’s core belief is that innovation is the key

driver, so we’ve dedicated ourselves to consistently outpace the competition. With this strategy, Seraphim earned a Tier 1 distinction

from BNEF, Top Performer from DNV GL, and loyalty from demanding customers around the world. With a total capacity of 5GW,

Seraphim serves global customers with high-quality products and professional services. By the end of 2018, more than 6GW of

Seraphim products were installed in over 40 countries.

1500+

Global Employees

Tier 1 Solar Module

Maker Listed by BNEF

100+

R&D Technicians

50+ Global

Financial Partners40+ Destination Countries

6 GW+ Shipment

2

Top Performer Listed by

DNV GL

5 GW Capacity

100+

Technical Patents

Page 4: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Jiangsu Seraphim Solar System Co., Ltd. founded

Received ISO9001/ISO14001/OHSAS18001 certificates

Received IEC 61701 certificate

Received MCS, CEC, and CSA certificates

Released Duraflex™ module

Received Salt Mist Ammonia certificate

Received JPEC certificate

2014

1st to pass TUV SUD Thresher Test

Released Polaris™ and Solaris™ AC module

Seraphim Solar Co. Ltd founded in Japan

Seraphim cell plant set up

Global capacity reached 750MW

Self-developed ERP system deployed

Global shipments exceeded 1GW

Released EZ-box™ module

2011

2013

2012

3

Tier 1 Module Maker listed by BNEF

Received JIS Q8901 and INMETRO certificates

Accredited as Jiangsu Batch I Smart Manufacturing Plant

2015

Page 5: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Released Eclipse™ module

Laboratory passed TUV SUD/CSA certification

Hebei Zhuolu Plant set up

Global capacity reached 2.1GW

Jiangsu Orient Seraphim Power Development Co., Ltd founded

China's first 5MW PV power plant using Eclipse™ modules commissioned

World's largest projects using Eclipse™ modules and optimizers commissioned

Donated 10kW PV system to Myanmar’s Ministry of Electricity and Energy

Released Mini Eclipse module

Released P type PERC bifacial module

Received the TUV SUD CTF Laboratory Certificate

South Africa Manufacturing Plant set up

Global shipment exceeded 6GW

2016

2018

2017

4

Released Blade™ module

Received CNAS laboratory certification

Received CTC testing laboratory certification

Jiangsu Shuyang Plant set up

Global capacity reached 3GW

Seraphim Dianlibao Co., Ltd. founded

Accredited as Top Performer by DNV GL

2019

Set up Seraphim Shanxi Lu’An Plant

Global capacity reached 5GW

Released Blade Bifacial module

Released Planet PV energy storage system

Recognized as 2019 Top Performer by PVEL/DNV GL

Page 6: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Years of hard work in the PV industry, and trustworthy, high-quality products helped Seraphim earn its reputation for professionalism. In

2016, Seraphim cautiously set up a joint venture with Changzhou Oriental Urban Construction to develop domestic commercial and

industrial distributed solar projects. In 2017, Seraphim entered residential market to bring reliable solar products and professional

services to residential solar system owners.

Expanding Business Along the Value Chain

Commercial & Industrial

Project DevelopmentFounded Jiangsu Orient Seraphim Power

Development Co., Ltd for commercial and

industrial market

Residential Project

DevelopmentFounded Seraphim Dianlibao Co., Ltd.

for residential market

Module ManufacturingGlobal capacity reached 5GW

and over 6GW solar module shipment

by the end of 2018

5

Page 7: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Seraphim now has a global module capacity of 5GW (4.25GW in Mainland China and 750MW

overseas), and a solar cell capacity of 500MW in China.

Global Capacity Ramp-up

Cell Module in China Module Overseas

6

Page 8: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Global Manufacturing Bases

7

South Africa Manufacturing PlantEastern Cape, South Africa

Zhuolu, Hebei

Shuyang, Jiangsu

Seraphim SolarChangzhou,China

Lu’An, Shanxi

Vietnam (Planning)

Indonesia (Planning)

Page 9: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Module and Cell Base in South Africa

Seraphim opened the newest PV module manufacturing factory in East London IDZ, Eastern Cape, South Africa in 2018, with 300MW

standard module and 200MW half-cell module capacity.

Besides, Seraphim also planned to establish a new 500 MW solar cell factory in the Coega Industrial Development Zone of Port Elizabeth,

South Africa. This new cell factory will be the first in the African continent, which can support Seraphim’s manufacturing supply chain.

The new factory equipment plans are a critical element in Seraphim’s globalization strategy to mitigate the uncertain landscape of tariffs

on exports from China.

8

Page 10: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Global Financial Partners

Bankability brings you success. Seraphim’s performance has been acknowledged and trusted by over 50+ financial partners you need.

9

Page 11: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Bankability Advantage

10

In BNEF PV module annual bankability results, the ranking of Seraphim has steadily increased.

Page 12: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

SHIFTINGGROWIING

Seraphim quality is guaranteed by fully automated systems, fully-

transparent quality management systems, and seamless operation

processes and material flow monitoring.

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Page 13: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

We designed and developed our own production lines based on our market studies and examination of manufacturing processes

around the world. We also developed an in-house ERP system to track the production steps of each module component—from

incoming material quality control to online production, OBA test and delivery status, etc. In the long run, we are building an in-house

database to further improve quality control.

Smart Manufacturing

Simplified production process, improved

production efficiency

12

Improved utilization rate

Enhanced product quality, lower

production cost

Transparent and traceable production

process

Page 14: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Seraphim has positioned itself as a leader in the industry in more than just product performance, but also in production efficiency and

accuracy. Seraphim meets its clients’ expectations with fully automated manufacturing facilities, an advanced quality control system, and

our critical quality management system.

Upgrades on Production Line

24*7Real-time online monitoring

100+Patents on product &

production upgrades

99.8%Excellent product yield rate

35%Higher production efficiency

10%Lower production cost

10%More equipment

effectiveness

13

Page 15: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Seraphim’s full-automatic warehouse is specially designed and programmed, which integrates ERP management system, WMS

scheduling system, NDC automatic guidance technology, AGV and automatic transmission lines, etc., all to realize the best remote

and intelligent warehouse management possible.

Smart Warehouse

Instead of having workers drive

around, fork-lift trucks can execute

directions from remote offices

automatically, stacking and picking

pallets of modules.

The process is more efficient, and is

a good example of how automation

can be combined with human labor to

increase productivity.

14

Page 16: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Stringent Quality Control

Seraphim has received certifications for Quality Management System (ISO 9001:2015), Environment

Management System (ISO 14001:2015) and Occupational Health and Safety Management System

(OHSAS 18001:2007) from both DNV GL and GZCC.

300+ Quality Check Points

100% 3x EL Testing

In-process Quality Control

MATERIAL CONTROL PRODUCTION CONTROL出厂检验

Open Box Audit (OBA) TestStringent Supplier Management

Automatic Material Filtration and Sorting

Spot Check Every Feedstock Batch

Proper Storage at Fixed Temperature and Humidity

Supplier Quality Engineering

Incoming-material Quality Assurance

AFTER PRODUCTIION

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Stringent quality control is the cornerstone of Seraphim’s manufacturing. Our customers have come to expect uncompromising quality

standards in our products. To meet this expectation of high quality, we continue to invest in state-of-the art equipment and professional

training of our employees. We are proud of our product quality and their reliable performance even in the most extreme conditions.

Page 17: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

SHIFTINGPIONEERING

Since innovation is the vital driver, Seraphim can rise to technological

challenges as a second nature. So far, Seraphim’s in-house laboratory has

been accredited by four international third-party testing organizations and

passed five authoritative certifications.

16

Page 18: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Seraphim’s strong capability in R&D has created a product portfolio that keeps up with customer needs. So far, we have over 100

technological patents—and our Eclipse is the first shingled-cell module to pass TUV SUD tests. Innovation is Seraphim's core

competence, and we’re sticking with it so we can keep lowering LCOE more every year.

Strong Research Capability

17

High efficiency module combined with shingling and

half-cell technology using PERC monocrystalline cell

Launched Mini Eclipse module

P Type PERC bifacial module development

Rapid shutdown and optimization module

Big size solar cell application, also can combine with half-cell

technology

P type PERC bifacial module enter mass production

158.75 cell module R&D and mass production

PERC Half-cell bifacial module mass production

2017 2019

2018 2020

1500V module development

High-reflective ribbon and EVA application

Launch Blade module(half-cell technology),

up to 2% power output gain

5BB cell application (combined with standard

and half-cell module)

PERC Half-cell bifacial module with transparent backsheet

R&D and mass production

HJT half-cell module R&D and mass production

166 cell module R&D and mass production

HJT shingling module R&D and mass production

Page 19: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

German made H.A.L.M. performance tester uses AAA+ level light source

with a complex power regulation system and freely adjustable optical

pulse settings.

Global Leading R&D Center

18

The light source of (NOTEC) Solar Constant UV 1000 is from Atlas, which

is the selected manufacturer for IEC calibration.

VOTSCH customized walk-in climate simulation chambers, designed and

made in Germany, providing accurate testing to facilitate further product

upgrades and reliability improvements.

Page 20: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Seraphim was accredited as TUV SUD Assessed TMP

Lab in October 2016 and CTF Lab in August 2018.

Seraphim was accredited as CTC Authorized

Testing Laboratory in May 2017.

Seraphim was accredited as CSA WMTC

Witness Laboratory in July 2016.

Seraphim was certified by CNAS for

Conformity Assessment in April 2017.

Seraphim’s in-house laboratory has been recognized as the CSA witness laboratory, CNAS certified in-house laboratory, CTC authorized

testing laboratory, TUV SUD assessed TMP and CTF laboratory. This allows Seraphim to shorten the certification period and accelerate the

speed of new product release.

CSA WMTC Witness Lab CNAS Conformity Assessment Lab

CTC Authorized Testing Lab TUV SUD Assessed TMP Lab & CTF Lab

19

Global Leading R&D Center

Page 21: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Besides online tests, the laboratory executes periodic sampling tests to guarantee that all batches of products meet our standards. In

the meantime, the laboratory conducts advanced experiments on behalf of new product development, new material testing, and tailor-

made products.

Performance Testing

The performance test is the most basic and

most important test, facilitating rational

allocation of different projects based on product

property.

Environmental Testing

Environmental testing simulates the effect of the

outdoor environment on module performance,

ensuring the functional reliability of products

during their lifespan.

Safety Testing

The safety testing ensures personal safety during

product installation and operation and guarantees

the electrical and mechanical performance

reliability of products.

Global Leading Testing Standards

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Page 22: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Seraphim passed the strictest accelerated stress testing and characterization

under DNV GL PVEL, LLC’s (DNV GL) Product Qualification Program (PQP).

The PQP is a comprehensive evaluation of environmental sensitivities and

degradation mechanisms of PV module designs.

First to pass 3x IEC test

PROVEN HIGHER EFFICIENCY AND OUTPUT

Proven Top Quality

21

Page 23: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

SHIFTINGBLOSSOM

Seraphim offers a rich module portfolio to meet the diversified needs of

customers, including Eclipse™, the world’s first certified high efficiency

module using shingled technology, half-cell module Blade™, EzBox™

which configures with three junction boxes, and Dual-Glass series

applicable to floating projects, specialized roof projects etc.

22

Page 24: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

1500V SERIES

Excellent Products

We make diverse products to keep up with evolving customer needs. For standard installations, we provide a mature series of products.

Our standard modules with excellent power output capability are certified to withstand harsh environmental conditions and lasting

reliability in the field.

Standard Series

23

• Optimized power output

• 100% 3 times EL tests

• Top ranked in Photon’s Outdoor Test

• Superior stability and durability

DUAL GLASS SERIES

• Excellent fire resistance increases safety class

• Frameless structure to avoid PID

• Special encapsulant material to avoid hydrolysis effect and snail trail

• Functional under harsh environments

STANDARD SERIES

• Enhanced module durability

• Significantly lower LCOE

• Lower BoS cost

• Higher solar system performance ratio

Page 25: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Innovative Products

• Up to 21.1% module efficiency

• 28%+ more output

• 15% lower BoS cost

• 50% lower hot spot effect

• High reliability and durability

• Outstanding aesthetic appeal

Owing to its dedication to innovation, Seraphim was the first to master shingled-cell module manufacturing and initiate commercial

production and scale. Furthermore, we developed Eclipse Mini to meet flexible applications and BladeTM module using half-cut cells.

24

• Less mismatch loss

• Less internal power loss

• Higher yield due to better shade tolerance

• Reduces BOS and installation cost

• Reduces hot-spot effect

• Ribbon-free, lower current and internal resistance

• Higher efficiency, higher output

• Beautiful design, perfect visual enjoyment

• Significantly reduced hot-spot effect

• Flexible design options

Excellent Products

ECLIPSE SERIES BLADE SERIES ECLIPSE MINI

• 10-30% more energy generation

• Dual glass structure reduces micro-cracks, snail trails, and UV aging

• PID-free, superior stability and durability

• Less mismatch and parallel design reduces shading impact

• Ideal for high-reflective project sites

BLADE BIFACIAL

Page 26: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Smart Solutions

SERAPHIM MX SERAPHIM SMART

With the help of excellent partners and friends from global research institutions and others, Seraphim has developed smart solar solution

platforms, whereby we combine standard modules with either a Maxim cell-string level DC optimizer, a Tigo smart junction box, a

SolarEdge optimizer, or a microinverter.

SOLARIS AC SERIES

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Excellent Products

• Advanced cell-string level DC optimizer

• Enhances power output

• Flexible system design

• Enhanced J-Box heat dissipation capacity

• Quick field replacement and upgrades

• Fully compatible and multifunctional

• More power output

• Guaranteed system reliability

• Smart installation

Page 27: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

SHIFTINGPROSPERITY

To date, Seraphim has shipped over 6GW module products worldwide.

In the 40+ destination countries, Seraphim’s modules have been installed on

residential and commercial rooftops, ground-mounted power plants, as floating

arrays, and much more.

26

Page 28: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

13.3MWType: PV Power Plant

Module: SRP-325-6PA

Location: Oregon, USA

Grid-connected Date: 2018-3

Tons Carbon of Emission Reduced

Planted Trees Equivalent

20698

11341

Utility

27

Page 29: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

66.0MWType: PV Power Plant

Module: SRP-6PA-Series

Location: Karnataka, India

Grid-connected Date: 2017-6

Tons Carbon of Emission Reduced

Planted Trees Equivalent

102710

5628028

Utility

Page 30: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

50.0MWType: PV Power Plant

Module: SRP-340-6MA

Location: Khanh Hoa, Vietnam

Grid-connected Date: 2019-6

Tons Carbon of Emission Reduced

Planted Trees Equivalent

77811

4263629

Utility

Page 31: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

30.0MWType: PV Power Plant

Module: SRP-345-6MA

Location: Daklak Province, Vietnam

Grid-connected Date: 2019-6

Tons Carbon of Emission Reduced

Planted Trees Equivalent

46686

2558230

Utility

Page 32: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Utility

123.0MWType: PV Power Plant

Module: SRP-330-6PA

Location: Nikopol, Ukraine

Grid-connected Date: 2019-3

Tons Carbon of Emission Reduced

Planted Trees Equivalent

382828

20976931

Page 33: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

5.0MWType: PV Power Plant

Module: SRP-300-E11B

Location: Henan, China

Grid-connected Date: 2017-11

Tons Carbon of Emission Reduced

Planted Trees Equivalent

7781

426432

Utility

Page 34: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

120.0MWType: PV Power Plant

Module: SRP-250-6PB

Location: Qinghai, China

Grid-connected Date: 2016-12

Tons Carbon of Emission Reduced

Planted Trees Equivalent

186746

10232633

Utility

Page 35: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

35.0MWType: PV Power Plant

Module: SRP-265-6PB

Location: Shanxi, China

Grid-connected Date: 2017-6

Tons Carbon of Emission Reduced

Planted Trees Equivalent

54467

2984534

Utility

Page 36: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

32.0kWType: Residential Rooftop

Module: SRP-320-E01B

Location: Philippines, Manila

Grid-connected Date: 2017-1

Tons Carbon of Emission Reduced

Planted Trees Equivalent

50

2735

Residential

Page 37: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

100.0kWType: Residential Rooftop

Module: SRP-315-E01B

Location: Belgium

Grid-connected Date: 2017-9

Tons Carbon of Emission Reduced

Planted Trees Equivalent

155

8536

Residential

Page 38: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

1.5MWType: Commercial Rooftop

Module: SRP-325-E01B

Location: Changzhou, China

Grid-connected Date: 2018-1

Tons Carbon of Emission Reduced

Planted Trees Equivalent

2334

127937

Commercial

Page 39: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

1.2MWType: Commercial

Module: SRP-320-6PA

Location: Australia

Grid-connected Date: 2017-7

Tons Carbon of Emission Reduced

Planted Trees Equivalent

1867

1203 38

Commercial

Page 40: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

8.0MWType: Fishery Hybrid PV Plant

Module: SRP-270-6PB-DG

Location: Changzhou, China

Grid-connected Date: 2018-4

Tons Carbon of Emission Reduced

Planted Trees Equivalent

12450

682239

Solar Fishery Project

Page 41: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Our approach to corporate responsibility is to acknowledge the role we play

in solving the world‘s energy crisis. We’re building a sustainable business by

protecting and nurturing the valuable resources we all depend on. We share

this vision with both customers and employees.“Shifting the Future” is our

mantra.

SHIFTINGTHE FUTURE

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Page 42: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Corporate Social Responsibility

Seraphim has always supported and actively participated in public welfare. For example, we donate solar systems to

remote primary schools so they can meet their basic electricity needs; we help disaster-area citizens back on their feet,

and generally try to improve harmonious coexistence between humanity and nature.

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In 2018, Seraphim and “iHEARu Charity Fund” formed a

long-term partnership to assist the “Cognitive Center”

project for hearing-impaired children. This program aims

improving the effectiveness of the rehabilitation training

center to prepare under-advantaged children for ordinary

public education.

HEARING · THE FUTURE SHIFTING · THE FUTURE

Page 43: World Class...The performance test is the most basic and most important test, facilitating rational allocation of different projects based on product property. Environmental Testing

Headquarters

Address: 1-2, Hengyao Rd, Henglin Town, Wujin District,

Changzhou City, Jiangsu Province, China

Tel: +86-519-68788166

Fax: +86-519-88786181

Email: [email protected]

Seraphim