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3 February 2010
Solyndra appoints senior VP, corporate development & general counsel
Solyndra Inc of Fremont, CA, USA, which was founded in 2005 to manufacture copper indium gallium diselenide (CIGS) photovoltaic (PV) systems consisting of panels and mounting hardware for commercial rooftops, says that John Gaffney is to join it as senior VP, corporate development & general counsel (leading the firm’s legal and corporate development activities and reporting to CEO Chris Gronet).
Most recently, from January 2008 to December 2009, Gaffney was an executive VP at First Solar Inc of Tempe, AZ, USA, which makes thin-film photovoltaic modules based on cadmium telluride (CdTe), where he led the legal, corporate development, sustainable development and environmental affairs departments. Previously, he practiced law for over 20 years at Cravath, Swaine & Moore LLP, where he became a partner in 1993 and advised numerous corporate and institutional clients on merger, acquisition and capital markets transactions. Gaffney holds a B.A. from The George Washington University and a J.D. and an M.B.A. from New York University.
Solyndra’s proprietary cylindrical thin-film solar panels are built from tubes. This ‘self-tracking’ design — with a 360º photovoltaic surface capable of absorbing direct, diffuse and reflected sunlight (from below) — allows the capture of more sunlight from low-slope commercial rooftops than conventional flat-surfaced solar panels, which need costly tilted mounting devices to improve the capture of direct light from the sun, offer poor collection of diffuse light, and fail to collect reflected light. Also, gaps between the tubes and their frame let wind pass through, reducing the need for heavy, roof-penetrating fastenings or anchoring; their lighter weight also allows installation on scantier roofs. Simple horizontal mounting hardware also allows fast and economical installation, claims the firm.
See related items:
CIGS PV maker Solyndra files for $300m IPO
CIGS PV maker Solyndra breaks ground on 500MW Fab 2
Solyndra secures $535m DoE loan guarantee
Visit: www.solyndra.com
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