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A new long-term PV system supply deal with European based installer, SunConnex has pushed Solyndra’s current order backlog close to US$1.7 billion. The SunConnex deal is worth up to US$189 million and extends through 2013, Solyndra said.
"Our goal is to offer groundbreaking products at reasonable prices. Solyndra's unique design is an excellent fit with this strategy," said Kie Tan, CEO and co-founder of SunConnex. "The Solyndra system enables our customers to generate more kWh of energy from a given rooftop, at industry-leading economics. Plus, the non-penetrating mounting system gives our customers confidence that their roof will never leak."
Their [SunConnex] expertise in the Benelux region and across Europe should enable exceptional growth in one of the hottest markets for commercial scale solar," noted Chris Gronet founder and CEO of Solyndra. "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."
The solar panels for these contracts will be manufactured at Solyndra's facilities in Fremont and Milpitas, California. Solyndra has previously reported that the European market would be a key driver of growth and has recently established sales operations in the region.
