Solyndra, Inc. Signs Framework Agreement with Italy’s Sun System for Approximately $105 Million
Date: 11/25/2009
Company: Solyndra
Source: Business Wire
FREMONT, Calif.–(BUSINESS WIRE)–Solyndra, Inc., a manufacturer of innovative proprietary photovoltaic (PV) systems for commercial rooftops, announced it has signed a new multi-year framework agreement worth up to $105 million with solar integrator Sun System S.p.A., based in Milan, Italy. The solar panels for this Euro-based agreement will be manufactured at Solyndra’s facilities in Fremont and Milpitas, California.
“We are excited to announce this relationship with Sun System, a highly innovative integrator of medium and large-scale commercial PV systems. Sun System’s strong presence in Italy and beyond, coupled with Solyndra’s advanced PV systems, will accelerate the deployment of world-class photovoltaic installations on commercial rooftops in southern Europe,” said Dr. Chris Gronet, Solyndra’s CEO and founder.
Solyndra’s cylindrical, thin film PV systems are designed to generate more electricity on an annual basis from typical low-slope commercial rooftops, while providing much lower installation costs than conventional flat panel PV technologies
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