|
OPEL Solar, Inc. and Tecneira, S.A. Launch Partnership with One Megawatt Solar Plant |
 |
 |
|
News archive -
Green energy
|
|
Wednesday, 21 April 2010 09:05 |
|
OPEL Solar, Inc., a leading global developer and supplier of high concentration photovoltaic ("HCPV") solar panels and other solar products, including ground-based and rooftop tracker systems, today announced it has signed an agreement with Tecneira, S.A., the Portugal renewable energy company of the ProCME Group. The companies also announced their first HCPV solar project win.
In mid-March the Portuguese Government had a public ceremony announcing the Country's commitment to renewable energy goals by 2020. As part of the ceremony, headed by the Portuguese Prime Minister, Jose Socrates, it was announced that OPEL Solar and Tecneira were awarded in the preliminary phase of projects, a one Megawatt solar concentrating photovoltaic ("CPV") power plant installation. This solar project will be a one megawatt HCPV installation eligible for the Portuguese feed-in tariff ("FIT") that will provide a guaranteed investment rate of return.
"OPEL Solar is delighted to have the partnership with Tecneira as Portugal aggressively moves into CPV solar energy," said Robert Pico CEO of OPEL Solar, Inc. "We understand that for the project award OPEL Solar's technology was viewed as one of the most innovative and utility scalable to achieve Portugal's solar energy goals for CPV."
"Tecneira believes in the competitive advantages that OPEL Solar's HCPV technology offers our Company. Putting the HCPV panels on solar trackers will optimize the electrical production for this solar power plant," said Alda Delgado, CEO of Tecneira, S.A. "We look forward to working with OPEL Solar on this first installation and other projects in the future."
The one megawatt solar plant will be located in Alqueva in the Moura Region of Southern Portugal, a prime location for solar development.
OPEL Solar will build the installation with its Mk-I HCPV solar panels mounted on dual axis trackers. The combination of OPEL's HCPV panels and precision dual axis trackers results in a higher power production per unit of land (acre/hectare) than silicon or thin film flat panels with a potential to increase photovoltaic yields by up to 40 percent.
|
