Solyndra, Inc., a manufacturer of photovoltaic (PV) systems designed to
optimize solar electricity production on commercial rooftops, announced
it has signed a new long-term sales contract with solar integrator
GeckoLogic GmbH, based in Wetzlar, Germany.
The Euro-based contract value equates to approximately $250 million and
extends through 2012, according to a release. The GeckoLogic contract
is part of Solyndra's previously-announced total contractual backlog of
approximately $1.2 billion. The solar panels for these contracts will
be manufactured at Solyndra's facilities in Fremont and Milpitas,
California.
"We are very pleased to announce this relationship with
GeckoLogic. Their European expertise and emerging North American
capabilities should enable exceptional growth in the fastest growing
markets for commercial scale solar," said Solyndra founder and CEO
Chris Gronet. "We expect that the Solyndra system's ease and speed of
installation can enable GeckoLogic crews to annually outfit
significantly more commercial rooftops with solar."
Solyndra's thin film PV system is designed to generate
significantly more solar electricity on an annual basis from typical
low-slope commercial rooftops while uniquely providing much lower
installation costs than conventional PV flat panel technologies.
"Solyndra's light system weight and low wind loading enables our
firm to install solar on a large number of rooftops that otherwise
could not support traditional PV systems," said Steve Gyoerffy, CEO and
co-founder of GeckoLogic. "Additionally, the non-penetrating mounting
system gives my customers piece of mind that the roof will never leak."
Solyndra emerged on the scene earlier this month after operating under the radar for 3 years.
About GeckoLogic
GeckoLogic is a solar system design and engineering firm
dedicated to designing and installing the highest-performing solar
photovoltaic (PV) systems for homes, businesses, government facilities
and larger commercial buildings. With over 1,400 PV systems installed,
GeckoLogic's certified engineers are highly experienced in designing PV
systems with the highest energy efficiency. The GeckoLogic engineers
develop reliable energy production systems with the highest return on
investment for their customers. Learn more at www.geckologic-usa.com.
About Solyndra
Solyndra designs and manufactures photovoltaic systems,
comprised of panels and mounting hardware, for the commercial rooftop
market. Solyndra employs high volume manufacturing based on proven
technologies and processes to meet the needs of the global solar
market. Using proprietary cylindrical modules and thin-film technology,
Solyndra systems are designed to provide the lowest installed cost per
system and the highest solar electrical energy output for typical low
slope commercial rooftops. Headquartered in Fremont, California,
Solyndra operates a 300,000-square-foot, fully-automated manufacturing
complex.
