Solyndra & Umwelt-Sonne-Energie Reach US $238M Solar Deal

Solyndra Inc. has signed a new long-term thin-film solar photovoltaic (PV) sales contract with solar integrator Umwelt-Sonne-Energie GmbH (USE). The Euro-based contract, worth up to US $238 million, extends through 2013 and brings Solyndra’s contractual backlog to more than $2 billion.

“We are very happy to announce this relationship with USE, a highly innovative integrator of large-scale PV systems. USE’s strong presence in Germany and eastern Europe, coupled with Solyndra’s breakthrough PV systems, will accelerate the deployment of world-class photovoltaic installations on commercial rooftops in these very attractive markets,” said Dr. Kelly Truman, Solyndra’s VP of Marketing and Business Development.

The solar panels for the contract with USE as well as the other contracts in the backlog, will be manufactured at Solyndra’s facilities in Fremont and Milpitas, California. The company’s cylindrical, thin film PV systems are designed to generate more electricity on an annual basis from typical low-slope commercial rooftops. The company claims that the product provides much lower installation costs than conventional flat panel PV technologies.


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