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Panasonic and Pristine Sun Form Strategic Relationship to Build 50MW of California Solar Farms

   Panasonic and Pristine Sun Form Strategic Relationship to Build 50MW of
                            California Solar Farms

The start of construction of over $150 million in solar projects begins in
late 2012 and will continue through 2014.

PR Newswire

SECAUCUS, N.J., March 5, 2013

SECAUCUS, N.J., March 5, 2013 /PRNewswire/ -- Panasonic Eco Solutions Energy
Management North America and Pristine Sun have aligned to begin the first
phase of a portfolio build-out of solar PV farms in California over the next
24 months. 50MW of solar power will be connected to the grid and sold to
PG&E, which is enough to power approximately 50,000 homes. Together Panasonic
and Pristine Sun are the leading integrators in the PG&E Feed-in Tariff
program, setting a model that is scalable as both companies continue to
entrench themselves as leaders in the U.S. utility solar market.

"The partnership with Pristine Sun provides Panasonic the ability to further
present itself as a leading integrator of solar solutions within the
ever-evolving U.S. solar market. This 50 MW portfolio will allow Panasonic to
showcase its ability to construct high quality solar energy systems and to
present its new 12kW dual-axis tracker to the market. Our technology provides
a more robust return on investment to project owners based on the
high-quality, low maintenance, low cost strategy that has been utilized in
engineering this new and evolutionary product that tracks the sun all day.
With this, Panasonic can successfully state that this is the industry's first
Tier 1 tracker backed by the largest balance sheet in solar today," said Koshi
Terakawa, President of Panasonic Eco Solutions Energy Management North
America.

"At PristineSun, we believe working together with the right partners is
paramount to our success. We are dedicated to delivering quality, efficient,
high yield, renewable energy based power plants to the communities we serve.
With the Panasonic commitment to PristineSunand this portfolio, we feel we
have found the synergy, expertise and stability needed to deliver. This
partnership, combined with the utilization of Panasonic's dual-axis tracker,
provides us with the vital ingredients Pristine Sunand our investors demand
-- innovation, reliable performance, strong returns and the solid backing to
insure long-term operation and success. The Panasonic Eco Solutions
partnership mirrors PristineSun's commitment to sustainable business, the
environment and a future powered by renewable energy," said Jason Jackson, COO
of Pristine Sun, LLC.

"We're honored to be working with Panasonic, one of the most respected and
largest companies in the world. With our large portfolio of hundreds of small
utility projects, we've learned that it's imperative to select a bankable
partner like Panasonic to provide turnkey, standardized solutions. This
partnership is already accelerating – and reducing the brain damage of – the
most important element of the solar industry: project financing," adds CEO
Troy Helming.

Panasonic brings unrivaled engineering and building capabilities to the solar
projects while operating and maintaining the facilities over their 20 year
life. Panasonic's world class operation and maintenance standards will
guarantee the power production of the solar energy systems which helps bring
further comfort to U.S. consumer market in knowing that solar energy is a
sustainable, cost effective and renewable electricity source that everyone can
enjoy.

About Panasonic Eco Solutions Energy Management North America
Panasonic Eco Solutions Energy Management North America is a division of
Panasonic North America, the principal North American subsidiary of Panasonic
Corporation (NYSE: PC). Eco Solutions develops and provides customized and
integrated technology-based systems solutions, including the design,
implementation and financing of renewable energy and energy efficiency
projects, for customers in a number of industries including utility,
industrial, sports, entertainment and education among others, in both the U.S.
and Canada. Panasonic has pledged to practice prudent, sustainable use of the
earth's natural resources and protect our environment through the company's
Eco Ideas programs. The company is committed to becoming the electronics
industry's leader in green innovation by its one-hundredth anniversary in
2018. In the 2012 Interbrand Annual Best Global Green Brands ranking, the
Panasonic brand jumped four spots to number six:
http://www.interbrand.com/en/best-global-brands/Best-Global-Green-Brands/2012-Report.aspx

About Pristine Sun, LLC - Pristine Sun, the leading developer of small utility
scale projects in California, is a professional full service renewable energy
company with a goal to become one of the most respected solar developers in
America. Pristine Sun's core management team has an average of 10-16 years of
experience each in the development and finance of solar and wind projects with
a combined total of over $2 billion. Pristine Sun, originally backed by a $24
billion private equity fund, has a 2 GW solar pipeline with 750 MW of projects
under active development. Headquartered in San Francisco, CA. Pristine's
business model is simple: we are proficient at acquiring site leases and 20
year Power Purchase Agreements for financeable solar and wind Utility and
Behind the Meter projects. We then develop the sites, underwrite, procure
financing, construct and operate these low risk projects.

Pristine Sun: developing $1 Billion of solar assets by 2015.
For more information, visit www.pristinesun.com

Editorial Contacts:
Aaron Fowles (Panasonic) 619-661-2223 aaron.fowles@us.panasonic.com
Business Contacts:
Kevin White (Panasonic) 408-516-7476. kevin.white@us.panasonic.com
Eric Chung (Pristine Sun) 415-848-8154 eric.chung@pristinesun.com

SOURCE Pristine Sun, LLC

Website: http://www.PristineSun.com