Arizona Manufactured Solar Panels Enter Market

American Solar Electric and Solon Announce Multi-Megawatt Solar Panel Supply Agreement to Meet Arizona’s Growing Solar Demand

SCOTTSDALE & TUCSON, Ariz.--Jan 5 2009 --American Solar Electric, Inc. and Solon Corporation today announced a photovoltaic (PV) module supply agreement. The agreement initially calls for Solon to supply over 1.5 megawatts (MW) of its Tucson-manufactured solar panels to American Solar Electric, marking Solon’s entrance into the U.S. residential market segment. The combination of design and installation services from Arizona-based American Solar Electric and Arizona-manufactured products from Solon offers the most complete Arizona solution for residential PV systems to date.

"The addition of Solon’s products to our line of grid-connected PV systems marks the start of a new chapter in Arizona’s solar history. For the first time, Arizonans will have the opportunity to have locally manufactured solar panels installed on their homes. We are very excited to be installing the first residential systems with 'Made in Arizona' solar panels," said Sean Seitz, President of American Solar Electric.

American Solar Electric will begin installing Solon’s high-quality, German-engineered solar panels later this month. The initial focus is on supplying American Solar Electric’s burgeoning residential business segment with deployment to the company’s non-residential customers later in the year. The initial agreement will furnish enough solar electric panels for the installation of 375 average-sized residential systems; in total this equates to offsetting the carbon sequestered by nearly 50,000 trees.

"American Solar Electric has an outstanding reputation for quality design and installation throughout Arizona. We are pleased to name American Solar Electric as our preferred installer for Arizona," said Solon Corporation’s CEO Olaf Koester.

"This partnership is an exciting outgrowth of Arizona’s Renewable Energy Standard (RES)," said Corporation Commissioner Kris Mayes. "When we were crafting the RES, we deliberately created an aggressive distributed generation component, not only to help homeowners and businesses to put solar panels on their rooftops, but also in the hopes that someday we would see those solar panels manufactured right here in Arizona."

Solon’s Tucson manufacturing facility opened last October, and is currently employing around 130 people. In its first phase, the production site will have an annual capacity of 100 MW.

American Solar Electric, Inc. is an Arizona-based design-build firm specializing in photovoltaic (solar electric) power systems for commercial, industrial and residential applications. Headquartered in Scottsdale, the company is responsible for the installation of more than 5 megawatts of photovoltaic power in Arizona statewide. American Solar Electric’s approach includes system design, permitting, procurement, installation, interconnection and commissioning. Additional information on the company’s products and services is available online at http://www.americanpv.com.

SOLON Corporation is a wholly owned subsidiary of SOLON SE, one of the largest solar module manufacturers in Europe, and a leading supplier of photovoltaic systems for large-scale solar power plants. SOLON SE is publicly traded with subsidiaries in Germany, Austria, Italy, Switzerland and the U.S., and employs more than 850 people worldwide. The SOLON Group's core business is the manufacture of solar modules in various performance categories, and of complete photovoltaic systems for the construction of solar power plants, as well as the construction of turn-key solar power plants worldwide. SOLON Corporation is based in Tucson, Ariz., and was established in 2007. SOLON manufactures solar modules and provides engineering, procurement and construction of large-scale turn-key photovoltaic systems for the North American market. Additional information on the company’s products and services is available online at http://www.solon.com/cw/en.

Contacts:
For American Solar Electric
Cara Mormino, 602-885-3389
E-mail: cara@rocketcreative.com
or
Solon Corporation
Robert Wanless, 602-402-3638
E-mail: rob.wanless@solon.com

Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml

Become an Investorideas.com Member:

Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/

InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

TOP