Solyndra Lands $105 Million Italian Deal

Dec 1 2009 | 12:17am ET

California-based Solyndra, Inc., a manufacturer of photovoltaic (PV) systems for commercial rooftops, has signed a multi-year framework agreement worth up to $105 million with Italian solar integrator Sun System  S.p.A..

Solar panels for the euro-based agreement will be manufactured at Solyndra’s facilities in Fremont and Milpitas, California, and will be installed on commercial rooftops in southern Europe, according to Solyndra CEO and founder Dr. Chris Gronet.

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.

Dr. Domenico Ruggeri, Sun System’s technical director, said Solyndra’s technology sets “a new standard of performance” compared to conventional PV technologies in terms of installation cost, rooftop loading, non-penetrating wind performance and per-roof energy production.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR