Solar ♦ news digest
contract with Chemtrols Solar Pvt for a project in the state of Gujarat, India, using First Solar CdTe modules and SMA inverters. This system will use over 13,000 modules to cover 2.2 hectares. The plant will feed 1,600 MW hours per year into the Gujarat Energy Transmission Corporation Limited grid, with a PPA of INR 15/kWh (approx. € 0.24/ kWh) for years 1-12, and INR 5 (approx. € 0.08/ kWh) for years 13-25.
“We value the close collaboration with Phoenix Solar especially in the early phases of India’s PV market development. We appreciate the experience that Phoenix Solar brings to the table”, said Sharad Saxena, CEO of Chemtrols Solar Pvt.
For Andreas Hänel, CEO of Phoenix Solar AG, this is further proof of the growth in Asia. “Internationalisation is a critical aspect of our business and we are pleased that our Singapore subsidiary – after the market entry in Malaysia last year – now successful entered both Thailand and the Indian solar market. These first two projects in India mark a significant first step towards an important market in our portfolio.”
Both projects are scheduled to be connected to the grid by 31 December 2011.
Chris Grasset quits OPEL Solar
The company, which manufactures gallium arsenide based devices using its patented POET technology, which is focused on increasing the speed and decreasing the energy usage in computers, has announced a change to its Board of Directors.
OPEL Solar International has announced that due to unanticipated personal circumstances, Chris Grasset has withdrawn from serving on the Board of Directors.
Grasset wanted to reiterate that his optimism remains undiminished and that the Company’s efforts will result in strong growth in both its solar and semiconductor lines of business. The Board does not intend to fill the vacancy at this time, and wishes Grasset the best in his future endeavours.
The Company’s management and the Board
continue to be committed to the goal of increasing long-term shareholder value, and underlines its confidence in the current strategy for the Company’s solar business - including greater vertical integration, development of a brownfields initiative and its burgeoning systems rollout in North America and China – and for its Planar Optoelectronic Technology (POET) device development program. OPEL is looking forward to shortly providing updates of its growing activities in both the solar and semiconductor sectors towards these goals.
OPEL Solar and Limen announce agreement to supply two HCPV solar power plants in Italy
OPEL Solar, a global supplier of high concentration photovoltaic (“HCPV”) solar panels and other solar products including ground based and rooftop tracker systems, have announced the signing of an Agreement to supply two HCPV solar power plants in Italy.
Each solar utility plant will be approximately 1 MW HCPV power installations that will be built in Sicily, Italy. The orders combined revenue to OPEL approach five million dollars. 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 €0.31/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
August/September 2011
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