Solyndra secures $325 million CIGS supply deal with Solar Power

CIGS thin-film photovoltaic start-up manufacturer Solyndra has won a $325 million supply deal with U.S.-based PV turnkey installer, Solar Power, Inc. The agreement runs from 2008 through 2012 with yearly increasing volumes and decreasing price per watt of peak output.

“Solyndra’s panels are highly innovative and offer unique design features that differentiate them from conventional panels,” said Steve Kircher, CEO of Solar Power, Inc.  Their panels and simple mounting systems are quick to install and have outstanding energy production. The addition of their products to our portfolio extends the range of installation opportunities we now have; especially where available space and/or system weight are considerations.”

Solar Power said that it would be one of the first companies in the U.S. to offer Solyndra’s CIGS product.

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