news digest ♦ compound semiconductor
OPEL Solar, Inc. and BETASOL Secure Spanish Feed-In Tariff for One of World’s First Commercial HCPV Power Installations
2010-03-09
Utility Grade Solar Farm of 330 kW Delivers a 20-Year Revenue Stream for Owner
OPEL Solar, Inc., a leading global developer and supplier of high concentration photovoltaic (“HCPV”) solar panels and other solar products, including ground-based and rooftop tracker systems, and its Spanish partner, BETASOL, today announced that its 330 kilowatts (kW) utility-grade solar photovoltaic power plant in Spain is eligible to begin receiving the feed-in tariff (“FIT”) from the Spanish Government. This makes the OPEL Solar project one of the first HCPV installations to be recognized with an FIT and guaranteed investment rate of return.
The Spanish listing is called, the Photovoltaic Allocation Registry, and was published in mid-February 2010. It denotes those projects approved for the feed-in tariff starting in the first quarter of 2010. The Vilalba del Arcs solar farm is on the approved list. As one of the first commercial HCPV installations, the 330 kW site using OPEL Solar leading edge technology will be eligible for a FIT of 28.1 Eurocents per kilowatt of electric power generated. The FIT will be provided for a 20-year period. “The approval of the Vilalba del Arcs utility solar farm for the Spanish Feed-In Tariff Program is a significant business milestone for OPEL Solar and its HCPV technology,” said Robert Pico, CEO of OPEL Solar, Inc. “This demonstrates that HCPV is a viable technology for generating electricity from the sun at utility scale levels and for providing guaranteed revenue to its owners, such as BETASOL in this case.” Pico added “From an investment viewpoint, this project offers a very attractive rate of returnto any investor.”
This utility grade solar farm is one of the first operable solar grid fields in the world using OPEL’s HCPV leading edge solar technology. It generates 330 kW of electricity to the power
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grid, increasing revenue for BETASOL. The installation is located in the Tarragona region of Spain, a prime locationfor solar development.
OPEL built the installation with its Mk-I high HCPV solar panels mounted on dual axis trackers. The combination of OPEL’s HCPV panels and precision dual axis trackers results in a higher powerproduction per unit of land (acre/hectare) than silicon or thin film flat panels with a potential to increase photovoltaic yields by up to 40 percent.
5N Plus Inc. and Teck Metals Ltd. enter into supply agreements for Germanium and indium feedstock
2010-03-10
5N Plus Inc. (TSX:VNP), a leading producer and provider of high-purity metals and compounds for electronic applications, is pleased to announce that its wholly-owned subsidiary Firebird Technologies Inc. (“Firebird”) has entered into long-term supply agreements for germanium and indium feedstocks with Teck Metals Ltd. (“Teck”), a wholly-owned subsidiary of Teck Resources Ltd. (TSX: TCK.A and TCK.B, NYSE: TCK), a world-leading producer of base metals and minor metals.
Under the terms of these agreements, Teck will provide a long term stable supply to Firebird of germanium and indium feedstocks which are to be further processed by Firebird into value- added products.
5N Plus President and Chief Executive Officer Jacques L’Écuyer said, “We are pleased to report that these important agreements have been signed, which follows the memorandum of understanding with Teck that we announced in December 2009. Supply of these critical feedstocks will provide our subsidiary Firebird with the required precursors for its value-added products, which are to include semiconductor wafers, semi-finished optics and high-purity metals and compounds. Teck is one of the most
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