01/08/2014 11:53:09 Free Membership Login

COMMODITIES News.


View news articles for latest general COMMODITIES content or search for news from specific sources. Register now for free access to our news.

<< Back to news page

general article information
Title Solarworld AG O.N SolarWorld Solar Panels Will Supply 1 MW System in Trail-Blazing 5 MW Project at College in Arizona
Date 24/05/2011
Time 11:04
Source Business Wire

Solarworld AG O.N SolarWorld Solar Panels Will Supply 1 MW System in Trail-Blazing 5 MW Project at College in Arizona

One megawatt of high-performance solar panels from SolarWorld, the largest U.S. solar technology manufacturer since 1975, has been selected to represent mono-crystalline silicon photovoltaic technology in an innovative, multi-technology series of utility-scale, tracker-mounted solar power systems totaling 5 MW at Arizona Western College in Yuma.

The AWC project, to be dedicated today in a ceremony in Yuma, will employ 1 MW each of five types of solar power technology. SolarWorld has produced mono-crystalline solar panels at its factory in Camarillo, Calif., since the late 1970s; the company has manufactured them at its U.S. headquarters plant in Hillsboro, Ore., since opening the site in 2008. SolarWorld also produces poly-crystalline solar photovoltaic panels.

At AWC, each variant of solar technology will make up one of five 1 MW systems at sites around the Yuma campus, where sun-tracking single- or dual-axis trackers will maximize their energy generation. Combined, the systems will provide virtually 100 percent of AWC’s daytime electricity needs and save the college more than $40 million over the first 30 years. The systems will be owned and operated by Main Street Power Company Inc. in partnership with its long-term financing partner, MS Solar Solutions, a fully owned subsidiary of Morgan Stanley.

Moreover, the installations will generate opportunities for AWC to enrich its educational offerings and spur the region’s economic growth. New offerings will include certificate and degree programs in renewable energy, and plans to partner with universities on bachelor’s and master’s degree programs are in the works. Resulting workforce training, combined with the economic-development influence of the installations themselves, are expected to create thousands of regional jobs over coming years.

“We at SolarWorld cheer AWC’s embrace of the dual economic power of solar energy development,” said Kevin Kilkelly, president of SolarWorld Americas. “The financial savings, energy independence and price stability that will ensue from these installations will bolster AWC’s educational and training missions. Moreover, the commitment to a clean energy project and source will stir opportunities for training and jobs to put the region’s workforce back to work in a sustainable economy.

“SolarWorld taps this dual effect as well,” Kilkelly said. “Every hour, we manufacture enough solar panels to equip or otherwise power many, many systems, enabling end customers to accrue gains in financial and energy independence. In so doing, we have built a U.S. manufacturing workforce that is more than 1,300 strong, not to mention helped create jobs for employees of our supply, installation and distribution partners.”

About SolarWorld (www.SolarWorld.com):

SolarWorld (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems of all sizes, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. The group’s largest production facilities operate in Freiberg, Germany, and Hillsboro in the U.S. state of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs more than 3,600 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.

<< Back to news page



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 140801 11:53