Akeena Licenses Solar Technology to Suntech

Akeena Solar, Inc. announced that its solar panel technology, Andalay, will be distributed in Europe, Japan and Australia under a license agreement with Suntech Power Holdings Co., Ltd. Suntech targets sales of more than 10 megawatts of the Andalay solar panels to the licensed regions in 2008.

The terms of the licensing agreement authorize Suntech to distribute Andalay in those areas beginning in January 2008. This licensing agreement is in addition to Suntech’s previous agreement to manufacture Andalay solar panels.

“Andalay improves on conventional solar panels by including built-in wiring, grounding and racking designed to provide maximum rooftop performance for consumers while minimizing installation costs for solar system installers. The result is a rooftop solar power system with superior built-in reliability with outstanding aesthetics in an all-black, streamlined appearance,” said Barry Cinnamon, CEO of Akeena. “Moreover, an installed Andalay system uses 70 percent fewer parts and requires 25 percent fewer attachment points than traditional solar systems, meaning better long-term performance.”
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