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4 August 2008


Solyndra wins $325m deal to supply CIGS PV panels to SPI

Turnkey solar system supplier Solar Power Inc (SPI) of Roseville, CA, USA has executed an amendment to its current supply agreement with copper indium gallium selenide (CIGS) thin-film photovoltaic panel maker Solyndra Inc of Fremont, CA. The amended agreement has a product value of about $325m for the delivery of solar panels between 2008 and 2012, with yearly increasing volumes and decreasing price per watt of peak output.

SPI says it will be one of the first firms in the USA to offer Solyndra’s PV panels on the market. Solyndra says that the panels feature a unique cell geometry that enables rapid installation and high energy production for large-scale rooftops.

Solyndra’s panels are offer unique design features that differentiate them from conventional panels, says Solar Power’s CEO Steve Kircher. “Their panels and simple mounting systems are quick to install and have outstanding energy production,” he adds. “The addition of their products to our portfolio extends the range of installation opportunities we now have; especially where available space and/or system weight are considerations.”

Just last week, Solyndra signed a framework supply contract (worth about €450m, or $700m, between 2008 and 2012) with PV system integrator Phoenix Solar AG of Sulzemoos near Munich, Germany.

See related item:

Phoenix extends to CIGS PVs with module maker Solyndra

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