Magnetek, Inc. (NYSE:MAG) has secured distribution agreements for its Aurora(TM) solar photovoltaic (PV) power inverters with channel partners in Italy and Spain valued at more than $3 million in sales during calendar 2006, subject to demand and availability.
Italy and Spain each have adopted aggressive incentive programs aimed at installing up to 100-megawatts (MW) of new solar capacity, thus emerging as the fourth and fifth largest potential solar power markets in the world.
In Italy, where Magnetek’s European operations are headquartered, the Company has assembled a geographically diverse network of distributors and system integrators, including: DEA, Enerpoint, Fedi Impainti, Leitner, and Tecnolario. In Spain, Magnetek is working with Solener and Ibersolar.
Magnetek’s transformerless 2.0 and 3.6 kilowatt Aurora photovoltaic (PV) inverters recently passed compliance tests qualifying them for connectivity to the utility power grid in Germany and Italy. Indoor as well as outdoor versions of both inverter models passed VDEW and VDE0126 (Germany) and DK5950 (Italy) requirements, expanding the power range of Aurora inverters available for grid-interface installation in Europe.
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