United Solar Ovonic, (NASDAQ: ENER), announced that it has signed multi-year cooperative agreements with Spazio Energia and Sunerg Solar of Italy to supply a total of 46 MW of photovoltaic (PV) laminates.
This is a very important order for Ovonics and the thin-film PV industry in general as it is an indication that this technology is being accepted by the marketplace. It is a large order or Ovonics considering their manufacturing capacity, although it is spread out over several years.
Spazio Energia will use UNI-SOLAR laminates in Italy to build large-scale PV Solar Parks in the first phase of Italy’s “Gigawatt Scale” PV Solar Park Initiative. Sunerg Solar, a well- known PV distributor and system integrator since 1992, will use the laminates to satisfy the needs of its customers and distribution channels in the Italian market.
Unlike traditional crystalline technology, which typically uses heavy glass panels, UNI-SOLAR products are flexible, durable, lightweight, and easy to install. Because of these characteristics, triple-junction products offer the ideal solution for both grid-connected and off-grid solar electric systems. Independent studies in Europe and elsewhere have shown that triple-junction products deliver more energy per rated power than the conventional crystalline products.
United Solar Ovonic, LLC is the world’s largest manufacturer of triple junction amorphous silicon photovoltaic (PV) solar panels. It is now in the process of ramping up manufacturing significantly. The annual rated production capacity of the current manufacturing plant is 25 Megawatts (MW). A second 25 MW production facility will start shipping products in the fall of 2006. The next phase of the expansion plan will include the construction of a third manufacturing facility in Greenville, Michigan with an annual capacity of 50 MW, which is expected to be operational during 2007. The company is planning to expand to 300 MW by 2010.
Resources:
United Solar Ovonic Signs Multi-Year Cooperative Agreements with Spazio Energia and Sunerg Solar for Supply of 46 MW of Photovoltaic Laminates, United Solar Ovonics press release, June 6, 2006
United Solar Ovonics, Auburn Hills MI, USA
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