Emcore Signs Deal with SunPeak for CPV

Emcore Corporation has announced that it has signed a memorandum of understanding for the supply of between 200 and 700 megawatts (MW) of solar power systems, scheduled for deployment in utility scale solar power projects under development in the southwestern region of the United States.

Emcore will supply and install turnkey concentrating photovoltaic (CPV) systems developed at its Albuquerque, New Mexico facility. The project developer, SunPeak Solar, is securing land and grid access throughout 2008 and project construction is expected to begin in early 2009. This agreement is not expected to contribute revenues until 2009 and is dependant on the renewal of the federal investment tax credit (ITC) extending into 2009 and beyond.

“Emcore’s CPV systems are optimized for the lowest cost-per-watt of any utility-scale photovoltaic power system. The use of our gallium arsenide based multi-junction solar cells has the added advantage of retaining high efficiency even in the hot summers in the desert southwest. Emcore is committed to continuous improvement on the performance of terrestrial solar cells and the cost structure of the CPV system,” said Earl Fuller, VP of Emcore’s Solar Power Systems division.
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