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07/22/2008 07:44 AM
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SunEdison To Buy Xantrex Solar Power Inveters
SustainableBusiness.com News
Xantrex Technology Inc. (TSX:XTX) has signed a supply agreement with SunEdison LLC, one of North America's largest solar energy service providers. Under the agreement valued at approximately US$5 million, Xantrex will supply commercial three-phase solar power inverters in various sizes to be installed in SunEdison solar projects over the next 12 months.
Xantrex commercial solar inverters efficiently convert direct
current (DC) energy collected by solar modules into
alternating current (AC) electricity for delivery to the power grid.
SunEdison has been using Xantrex commercial grid-tie solar inverters
for the past year, following an initial purchase order for the Alamosa
project in late 2006.
"We are delighted to move forward with this strategic partnership with SunEdison," said Mossadiq S. Umedaly, Xantrex Chairman. "This relationship will put Xantrex inverters into major commercial, government and utility sites across North America."
"SunEdison has used Xantrex inverters in some of our key deployments, including our 8.2-megawatt (MW) Alamosa plant," said Thomas (Tom) Rainwater, CEO of SunEdison. "As a leading manufacturer of inverters, Xantrex adheres to utility-industry standards--a key component in our decision to use their products."
About Xantrex
Xantrex Technology Inc. is a world leader in the development, manufacturing and marketing of advanced power electronic products and systems for the renewable, programmable, and mobile power markets. The company's products convert and control raw electrical power from any central, distributed, renewable, or backup power source into high-quality power required by electronic and electrical equipment. Xantrex is headquartered in Vancouver, Canada, with facilities in Arlington, Livermore, San Diego, and Elkhart, United States; Barcelona, Spain; Reading, England; Berlin, Germany; and a joint venture in Shanghai, China.
About SunEdison
SunEdison LLC is North America's largest solar energy service provider and operates across a global marketplace. SunEdison provides solar-generated energy at or below current retail utility rates to a broad and diverse client base of commercial, municipal and utility customers. For more information about SunEdison, please visit www.sunedison.com.
Website: http://www.xantrex.com
