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COMPANYNEWS
Distribution expansion
Green Fuel Solar offers professional solar
Power Purchase Agreements, modeling,
project funding and design services for a
AIDE SOLAR, a large-scale producer of America Sales, Aide Solar, U.S.A. “Their wide array of solar applications including
photovoltaic modules, has announced it design and engineering expertise residential and commercial system
has entered into a distribution agreement combined with an outstanding reputation design.
with Green Fuel Solar, an alternative in the industry makes Green Fuel Solar an
energy company involved in the sales and excellent fit as our first distribution partner. These services include solar project
installation of residential and commercial We look forward to building a long-term feasibility studies, structural and electrical
solar and electric systems in Arizona, relationship that will help drive growth for engineering, system performance
Colorado, Texas and Nevada. The both companies in the coming years.” projections, financial performance
distribution agreement with Green Fuel projections, plans drafting, building permit
Solar is expected to be the first of several Aide Solar is a subsidiary of The Panjit application submittals, and the writing of
agreements to be signed by Aide Solar as Group, a broad based manufacturer of solar RFPs. Green Fuel Solar is also
it expands its U.S. market reach following leading-edge technologies headquartered offering any installer using Aide Solar
the recent opening of its North American in Taiwan with a semiconductor modules an Installer warranty
Issue III 2009
headquarters in Tempe, Arizona. fabrication facility in Tempe, Arizona. The reimbursement to cover any
Panjit Group’s U.S. semiconductor manufacturing defects or service costs.
“Green Fuel Solar has an established manufacturing facility offers Aide Solar a
channel to market and business approach future path for a vertically integrated
that focuses on adding value to the business model as well as a robust new
customer throughout the sales process,” product development pipeline. New supply
said Raymond C. Wiley, director, North
-pv-management.com “Aide Solar’s U.S.-based inventory
agreement
provides a quality, local source of
.solar
photovoltaic modules which translates ENERGY CONVERSION DEVICES, a
www
into a shorter time-to-market and manufacturer of proprietary, thin-film
eliminates shipping costs for the small-to- amorphous silicon-based photovoltaic
8
mid-size installer network,” said Dustin (PV) laminates announced that it has
Hamby, president Green Fuel Solar. “This signed a supply agreement with
agreement provides us with the ability to Inovateus Solar. Inovateus expects to
expand our customer base for the purchase up to 10MW of UNI-SOLAR
commercial, residential and utility scale laminates from ECD through the end
markets and execute our aggressive of 2011.
expansion plans in the coming months.”
“This new agreement with Inovateus
Solar is another example of how we
are working together with our
LDK continues expansion
distribution partners to further
establish UNI-SOLAR laminates as the
leader in rooftop PV. We look forward
LDK SOLAR has announced the boasts solid experience in the PV market. to expanding our relationship with
acquisition of a controlling interest of We believe access to SGT’s wealth of Inovateus Solar,” said Mark Morelli,
Solar Green Technology S.p.A. (“SGT”), resources will be an effective and president and CEO of Energy
an expert system integrator in the Italian immediate tool for LDK Solar efforts in Conversion Devices. Inovateus Solar
market. LDK Solar acquired 70% of Solar managing development activity in the will use UNI-SOLAR brand PV
Green Technology S.p.A.’s shares. Italian PV market, which is currently one laminates for building-integrated
of the most dynamic and profitable photovoltaic systems in commercial
This investment will boost LDK Solar’s European markets.” rooftop applications.
efforts to develop additional projects and
strengthen its presence in the Italian PV “We are pleased to have LDK Solar “We are very excited to continue to
sector. SGT will provide project acquire a majority interest of SGT,” grow our relationship with United Solar
opportunities and technical support in commented Giuseppe Truglio, one of the Ovonic. We’ve found that UNI-SOLAR
terms of realisation and control of PV Solar Green Technology’s founders. “This products provide an array of benefits
turnkey plants to LDK Solar. investment will enable SGT to grow that other photovoltaic brands can’t
rapidly through its involvement in several offer. We believe this agreement for
“We are very excited to acquire a of LDK Solar’s important plant projects in 10MWs is a conservative estimate and
controlling interest of Solar Green Italy and throughout Europe. Given the our actual numbers should well
Technology,” stated Xiaofeng Peng, current development stage of the Italian supersede this,” said T.J.
Chairman and CEO of LDK Solar. “SGT’s PV market, we are excited to increase our Kanczuzewski, Executive Vice
management and workforce have exposure in such a profitable and President of Inovateus Solar.
demonstrated strong competence and promising market.”
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