Solyndra, Inc. Signs Sales Contract With SunConnex for Approximately $189 Million
Date: 05/07/2009
Company: Solyndra
Source: Business Wire
FREMONT, Calif.–(BUSINESS WIRE)–Solyndra, Inc., manufacturer of innovative proprietary photovoltaic (PV) systems designed to optimize solar electricity production on commercial rooftops, announced it has signed a new long-term sales contract with solar integrator SunConnex B.V., based in Amsterdam. The Euro-based contract is worth up to $189 million and extends through 2013. The SunConnex deal brings Solyndra’s announced contractual backlog to nearly $1.7 billion. The solar panels for these contracts will be manufactured at Solyndra’s facilities in Fremont and Milpitas, California.
“We are very pleased to announce this relationship with SunConnex. Their expertise in the Benelux region and across Europe should enable exceptional growth in one of the hottest markets for commercial scale solar,” said Solyndra founder and CEO Chris Gronet. “We expect that the Solyndra system’s ease and speed of installation will enable SunConnex to rapidly and efficiently outfit significantly more commercial rooftops with solar.”
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