Solar, Utility Integration

Solyndra & SunConnex Sign US $189M Sales Deal

Solyndra Inc. has signed a new long-term sales contract with solar integrator SunConnex B.V., based in Amsterdam. The Euro-based contract is worth up to US $189 million and extends through 2013. The SunConnex deal brings Solyndra’s announced contractual backlog to nearly $1.7 billion. The solar panels for these contracts will be manufactured at Solyndra’s facilities in Fremont and Milpitas, California.

“We are very pleased to announce this relationship with SunConnex. Their expertise in the Benelux region and across Europe should enable exceptional growth in one of the hottest markets for commercial scale solar,” said Chris Gronet, Solyndra’s founder and CEO. “We expect that the Solyndra system’s ease and speed of installation will enable SunConnex to rapidly and efficiently outfit significantly more commercial rooftops with solar.”

According to Solyndra, its thin-film PV system is designed to generate significantly more solar electricity on an annual basis from typical low-slope commercial rooftops and provides lower installation costs than conventional PV flat panel technologies.