Solar Power Division

Oneworld operates a Germany based photovoltaic (“PV”) solar integrator.    

• We currently design and install roof mounted PV solar systems for third parties (integrator) and have recently begun acquiring opportunities in Germany to build roof-top mounted PV solar systems as a producer of energy. 
• Management also feels that there is room for additional expansion within the roof mounted integration business in Germany and the E.U. (Austria, Italy, France & Spain) as a result of the renewable policies of many of the E.U. countries trying to encourage construction of roof mounted systems.
• The benefit of the roof systems in Germany is that the government is mandated to take the electricity, no special permits are required for the construction, and the feed in tariff in 2008 s a robust Euro 0.475 per KW. This recurring revenue stream is not subject to large costs – finance charges and a modest 0.01% of revenues for operating and maintenance costs. ems.
• Oneworld is also in discussions with a number of other groups in the E.U. to acquire large solar PV projects ranging from 50MW to over 300MW.
• In terms of its solar energy production capability, Oneworld anticipates that production will grow from 15 MW in 2009 to over 250 MW of producing assets by 2014.

Clean Edge Research predicts solar photovoltaic (including modules, system components, and installation) will grow from a $20.3B industry in 2007 to $74B by 2017. Annual installations were just shy of 3GW worldwide, up nearly 500 percent from just four years earlier. In 2007, the solar industry surpassed the 10,000MW mark with new additions of 2,821MW.

SolarbuzzTM (2008) has indicated that worldwide photovoltaic installations increased by 2,826 MW in 2007 up from 1,744 installed during the previous year (62% increase).  In 1985, annual solar installation demand was only 21 MW.  Solar energy demand has grown at a rate of approximately 30% per annum over the past 15 years.  For comparison purposes, the total worldwide wind energy installation in 200 were approximately 4,000 MW growing at a rate of 35% per annum and hydrocarbon demand typically grows at a rate of between 0-2% per annum.  Solar energy production still accounts for less than 0.01% of the total Global Primary energy demand. Germany represents the largest solar market in the world representing 55% of all worldwide installations. Germany's PV market reached 1,328 MW in 2007 and now accounts for 47% of the world market. Spain soared by over 480% to 640 MW, while the United States increased by 57% to 220 MW. It became the world's fourth largest market behind Japan, once the world leader, which declined 23% to 230 MW.  The PV industry generated $17.2 billion in global revenues in 2007.

Solar Energy (photovoltaic) prices have declined on average 4% per annum over the past 15 years. Progressive increase in conversion efficiencies and manufacturing economies of scale are the underlying drivers.  According to SolarbuzzTM, prices have consistently declined for over the last two years. World solar cell production reached a consolidated figure of 3,436 MW in 2007, up from 2,204 MW a year earlier. Japanese producers continue to lose ground, only accounting 26% of global production. Chinese manufacturers raised their share from 20% in 2006 to 35% in 2007.  Despite polysilicon production for both solar and semiconductor use rising 30% in 2007, it remained the most capacity constrained part of the PV chain. 21 new entrants started manufacturing polysilicon during the year.   Meanwhile, thin film production more than doubled from 181 MW in 2006 to 400 MW in 2007, accounting for 12% of total PV production.