news digest ♦ Solar


He continues, “It eliminates inter-row shadowing, allowing for larger systems to be installed in a smaller area. Solar FlexRack has been successfully marketed as the mounting system with the fastest installation time, substantially lowering labour costs. Likewise, the Opel Solar Tracker is designed for efficient installation – a complete 10 kW system can be assembled in less than four hours.”


“The Opel Tracker acquisition fits well with the NSM mission to continually lower the balance of system costs for large solar projects,” adds Meola. “We are working to make solar a more efficient and cost effective energy alternative.”


Leon Pierhal, President and CEO of the Company states, “The completion of this sale will enable Opel to achieve its objective, announced on June 20, 2012, of divesting its Solar Division in order to focus on the POET platform technology of Opel’s ODIS Division.”


The POET platform is based on GaAs multijunction solar cell technology, which the company intends to focus on in the future. Opel’s ODIS Inc. subsidiary designs the III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory; and through Opel Solar, Inc., provides PV systems for energy applications.


The Company has 37 patents issued and 13 patents pending, primarily for its semiconductor POET process, which enables the monolithic fabrication of integrated circuits containing both electronic and optical elements, with potential high-speed and power-efficient applications in devices such as servers, tablet computers and smartphones.


Opel extends financing for GaAs solar innovation


The firm is trying to further develop its III-V compound semiconductor POET technology by extending financing to 7th September


OPEL Technologies (Opel) has completed to date a total of $1,557,420 of a $3,000,000 private placement, with IBK Capital Corp., acting as agent.


104 www.compoundsemiconductor.net October 2012


On a best efforts basis, IBK is now offering up to 13,043,478 units at a price of $0.23 per unit for proceeds of up to $3,000.


Each unit consists of one common share and one common share purchase warrant. One full warrant allows the holder to acquire one common share of Opel for a period of three years at an exercise price of $0.35 per share.


Only last week, the firm said it had set up two special committees to push its POET platform based on its ODIS Inc. division’s III-V solar technology. To advance this platform it looks like Opel needs more financing.


The firm says securities issued pursuant to the offering are subject to a hold period which expires four months and one day following closing. Opel will pay a cash commission of 7 percent of the funds raised and 10 percent of the units sold in the form of broker warrants. Each broker warrant allows the holder to acquire one common share of Opel at a price of $0.23 for 48 months after the closing date.


Opel has agreed with IBK, subject to acceptance by the TSX Venture Exchange, to extend the closing of the remainder of the offering to September 7th, 2012.


Asia Pacific to fire up PV demand


Europe has historically fuelled strong year-end PV demand but Q4’12 will represent a transition phase within the PV industry to the APAC region


PV demand from the Asia Pacific (APAC) region is forecast to grow by a whopping 80 percent year over year during the second half of 2012, driven by Q4’12 demand at the 5.3 GW level,.


This is according to new research featured in the “NPD Solarbuzz Asia Pacific Major PV Markets Quarterly” report.


While major European markets have historically fuelled strong year-end PV demand, Q4’12 will represent a transition phase within the PV industry, as demand becomes increasingly global and further diversified across new and emerging PV regions.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131