July 7, 2009

Fremont, CA, USA: Solyndra Receives $238 Million Order

Solyndra has signed a new long-term sales contract with solar integrator Umwelt-Sonne-Energie GmbH (USE), based in Holzgerlingen, Germany. The Euro-based contract, worth up to $238 million, extends through 2013 and brings Solyndra's contractual backlog to more than $2.0 billion. The solar panels for these contracts will be manufactured at Solyndra's facilities in Fremont and Milpitas, California.

"We are very happy to announce this relationship with USE, a highly innovative integrator of large-scale PV systems. USE’s strong presence in Germany and eastern Europe, coupled with Solyndra’s breakthrough PV systems, will accelerate the deployment of world-class photovoltaic installations on commercial rooftops in these very attractive markets," said Dr. Kelly Truman, Solyndra’s VP of Marketing and Business Development.

Solyndra's cylindrical, thin film PV systems are designed to generate more electricity on an annual basis from typical low-slope commercial rooftops, while uniquely providing much lower installation costs than conventional flat panel PV technologies.

"As a company focused on innovation in photovoltaics, we are very excited to announce this partnership. Solyndra’s revolutionary technology redefines performance for large roofs compared to conventional PV technologies in terms of installation cost, non-penetrating wind performance, rooftop loading, and energy production per roof,” states Arnold Berens, Managing Director of USE. "Solyndra's innovative cylindrical module geometry and fast and easy mounting technology provide definitive proof that even today, dramatic breakthroughs in PV engineering are possible,” added Daniel Grünauer, Managing Director of USE.

Further details about: Solyndra and Umwelt-Sonne-Energie GmbH