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Solar EnerTech Corp. Applauds 25x'25 Bi-Partisan Congressional Resolution Calling for New National Renewable Energy Goal

Posted on: Tuesday, 27 June 2006, 18:00 CDT

Solar EnerTech Corp. (OTCBB: SOEN) (the Company) today announced its wholehearted support for the recently introduced 25x'25 Resolution in the United States. The bi-partisan congressional resolution calls for a new national renewable energy goal whereby 25% of the nation's energy supply would derive from renewable sources like solar, wind and biofuels by 2025. Solar EnerTech is focused on the development and manufacture of solar cells and applications along with advanced technologies in solar energy and commends Congress for its commitment to clean, renewable energy.

The objective of the 25x'25 Resolution is to encourage the United States to embrace renewable energy technology and adopt initiatives that will result in the entire country moving towards a cohesive national renewable energy program with targeted benchmarks and achievable goals. The resolution builds on a broad and politically influential coalition including agriculture, industry, and environmental leaders, as well as several governors and state legislatures. Republicans and Democrats, rural and urban interests, and representatives from over 140 different farm, forestry and environmental organizations have so far come together behind this national energy goal.

As initiatives like 25x'25 create visibility and awareness, the demand for alternative energy increases and spurs new technological advances opening up avenues of funding for the industry as a whole. As existing Federal and State initiatives currently provide for varying and uneven levels of alternative energy adoption, this new initiative provides for a completely new venue whereby the Renewable Energy industry can enjoy improved access and response from key legislators on a national level working towards common goals.

The planned initiative, arriving concurrently with President Bush's Fiscal Year 2007 Budget proposing the new $148 million Solar America Initiative which identifies a 78% increase of $65 million over Fiscal Year 2006 appropriations for solar energy technology comes at a time when the global solar power marketplace grew 55% last year to $11.2 billion.

Solar EnerTech believes these factors add up to a compelling trend that identifies marked growth opportunities for the entire sector, especially Solar Energy. Management is satisfied that the ongoing efforts by the Company to initiate solar cell manufacturing, development of new technologies and enter into agreements identifying and securing silicon feedstock will prove beneficial for the company and its shareholders as Renewable Energy in all its forms is increasingly adopted around the world.

For more information on the 25x'25 initiative, visit: www.25x25.org

About Solar EnerTech Corp. (OTCBB: SOEN)

Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells and put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company's R&D program will work to bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.

Forward-Looking Statements

Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Solar EnerTech Corp. has little or no control.

 On Behalf of the Board Solar EnerTech Corp. Leo Shi Young, President 

 Investor Relations Contact Boundary Point Investor Relations Inc. 1-866-378-7372 http://www.solarenertech.com

SOURCE: Solar EnerTech Corp.

Source: MARKET WIRE

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