ICP Solar Receives Initial Power Generation Order in Spain

ICP Solar Technologies Inc., a developer, manufacturer and marketer of solar cells and products, yesterday announced that it has entered into an agreement to sell IEC-approved modules to a power generation partner in Spain.

The initial part of the contract calls for the delivery of €540,000 [US$ 770,284] in solar modules with conditional orders amounting to €13 million [US$ 18.5 million] pending over the course of the next year.

“This first order is a validation that our customer-centric approach and 19 plus years of solar panel application experience are paying dividends,” said Sass Peress, ICP CEO and Chairman.

“Spain is now the third largest solar market in the world and the Spanish government continues to promote investment in and expansion of both photovoltaic and solar thermal power. Its stated goal of twenty percent renewable energy by 2020 creates a great opportunity for us to expand our brand beyond consumer and into the power generation, OEM and industrial segments,” added Peress.

ICP Solar Technologies, Inc. headquarters are located in Montreal, Canada, and additional locations in the U.S., Spain, Ireland and France.

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