Oneworld provides a variety of services to the solar sector including design, development, construction and commercial and technical operation and maintenance expertise to energy projects in the EU and in Ontario.  While Oneworld’s presence in Ontario is the result of the new FITs announced by the Government (which represent substantial opportunity for Oneworld), the Company anticipates that a number of roof mounted solar projects and larger ground mounted solar projects will be constructed in the province in 2011.

Oneworld has relationships with a number of manufacturers of solar PV modules and inverters that entitle it to preferential pricing on solar modules.  A number of Oneworld’s partners have indicated a very strong interest in setting up a facility in Ontario to assemble solar modules or inverters in order to meet the domestic content rules of the FIT Program under the Green Energy Act. Should any of Oneworld’s partners establish assembly facilities in Ontario, those relationships should give Oneworld the ability to be extremely competitive with respect to solar module and inverter pricing of solar projects for third parties in Ontario.

Management recognizes that there is room for significant expansion within the ground and roof mounted solar integration business in Germany and other EU countries (such as Ireland, United Kingdom, Slovenia, Italy, France and Spain) as a result of renewable energy policies that are specifically designed to encourage construction of ground and roof mounted systems.  Management sees opportunities to increase revenues by pursuing an expansion strategy into these markets. Management also believes that opportunities for accretive acquisitions in the sector exist.  In addition, management is currently examining opportunities to own and operate solar projects in Italy, Germany, Spain, Czech Republic and Ontario.