Asola Awarded $135 Million Solar Contract

Asola Advanced and Automotive Solar Systems GmbH, has been awarded a contract by AS Solar GmbH for the supply of high-efficiency silicon photovoltaic solar modules. The value of this contract is estimated at US $135 million over a three year period, beginning in 2008, and subject to final negotiations on quantity and price in 2009 and 2010.

Asola will supply its 270 watt and 230 watt modules to AS Solar for installations, primarily in Spain. AS Solar is a German integrated solar energy systems company with a strategic focus on Germany, Italy, and Spain.

“Asola is pleased to be selected by AS Solar to be its long-term supplier supporting their growing portfolio of European projects,” said Asola’s founder and CEO, Reinhard Wecker. “Our state-of-the-art, high-efficiency modules and high-quality module production processes were key to meeting all of AS Solar’s rigorous requirements for these projects.”

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