North Coast Solar Stocks

December 14, 2009

Energy Conversion Devices Announces 3 Megawatt Rooftop Solar Project in Spain

Filed under: ENER — Tags: , , — Jason @ 8:00 am

Endesa Spain Chooses UNI-SOLAR for Two Solar Rooftop Installations

8:00 am EST, Monday December 14, 2009

ROCHESTER HILLS, Mich., Dec. 14 /PRNewswire-FirstCall/ — Energy Conversion Devices, Inc. (ECD) (ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced it has signed an agreement with Endesa in Spain to install 3.0 MWp of UNI-SOLAR® photovoltaic (PV) laminates on the rooftops of two Coca-Cola Company buildings in Seville.

Through its wholly owned subsidiary, United Solar Ovonic, ECD will oversee construction of the rooftop system, which will consist of UNI-SOLAR laminates bonded to the Giscosa waterproofing system and applied directly on the roofs. The completed system will be owned and managed by Endesa. Construction will begin this quarter, with completion expected in the first half of calendar 2010.

Andreu Cladera, Product Manager PV of Endesa Spain said, “We are excited to partner with ECD and United Solar on our largest rooftop solar project to date. UNI-SOLAR laminates are the perfect product for the type of low-load bearing rooftops that exist all over Spain. Their ability to generate more electricity per rated watt compared to other types of solar products made it easier for us to secure project financing. Additionally, UNI-SOLAR is easy to install, enabling us to install and activate the system in just a few months, allowing a rapid return on our initial investment.”

Mark Morelli, ECD’s president and chief executive officer, said, “This agreement is an example of an early success with our approach to developing large projects. Endesa Spain has significant expertise in both electricity generation and distribution in Spain’s rapidly evolving solar market. They understand the long-term importance of maintaining the roof’s integrity using a product that doesn’t make roof penetrations, as well as the financial benefits that our installations provide. We look forward to working with them on this and other projects in the future.”

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