OPL Opel to supply two HCPV solar power plants in Italy
2011-07-27 12:31 MT - News Release
Mr. Michel Lafrance reports
OPEL SOLAR AND LIMEN SA PARTNER WITH TWO, 1 MEGAWATT ORDERS
Opel Solar International Inc. has signed an agreement to supply two HCPV solar power plants in Italy. Each solar utility plant will be approximately one-megawatt HCPV power installations that will be built in Sicily, Italy. The order's combined revenue to Opel approaches $5-million.
Beginning delivery in late 2011, these orders for Opel's HCPV solar modules spotlight HCPV solar in Italy. The solar plants will be eligible for receiving the CPV Feed-In Tariff of the Italian Government, which is EUR0.31/kWh currently for systems of this size, in addition to the market value for the sale of the electricity produced. According to a July feature article in Renewable Energy Focus.com, the installed base for CPV in Italy is targeted to attain 320 MWs by 2015.
Going forward, Opel Solar and LIMEN shall have a close collaboration for the preparation, the construction and the commissioning of CPV solar power plants. To date, LIMEN has developed a multi-megawatt pipeline of CPV projects in Sicily and Sardinia.
"The collaboration between Opel and LIMEN in the Italian CPV market represents significant value growth for Opel Solar's stakeholders because of the HCPV potential in the Italian market," said Leon M. Pierhal, CEO of Opel Solar International. "The Italian climate is ripe for CPV; it is one of the best areas in the world for our solar technology to be deployed."
"We are very pleased to partner with Opel Solar in building CPV solar utility plants," said Roberto Petti, Ph.D., head of the renewable energy division of LIMEN SA. "We believe Opel Solar has the proven HCPV solar technology to be a market leader in Italy. Bringing an advanced solar energy technology to customers allows them to maximize their return on investments in green technology."
The Opel Solar HCPV module is called the Mk-I, and it is a high performance, reliable, cost effective product designed for utility grade grid-connected solar systems in medium to high solar irradiance climates. The high efficiency of the Opel HCPV panel results in significantly higher power generation per unit of area when compared with both silicon flat panel and thin film installations.
About LIMEN SA
LIMEN SA is a joint-stock company with principal place of business located in Geneva, Switzerland, operating in the fields of real estate and renewable energies. LIMEN has a wide experience on photovoltaic energy with the design, development and deployment of utility power plants with sizes ranging from small private installations to multi-megawatt projects for commercial applications and municipalities. LIMEN distributes and markets solar products for both CPV and PV systems, including trackers, inverters and solar panels based upon different technologies. LIMEN directly owns and manages solar projects and offers customized energy solutions and investment opportunities to third parties. For general information and contacts, please visit LIMEN's website at www.limen.ch.
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