United Solar Ovonic, a wholly owned subsidiary of ECD Ovonics (Nasdaq: ENER) has signed multi-year cooperative agreements with Spazio Energia and Sunerg Solar of Italy to supply a total of 46 MW of photovoltaic (PV) laminates.
Spazio Energia will use UNI-SOLAR laminates in Italy to build large-scale PV Solar Parks in the first phase of Italy’s “Gigawatt Scale” PV Solar Park Initiative. Sunerg Solar, a well-known PV distributor and system integrator since 1992, will use UNI-SOLAR laminates to satisfy the needs of its customers and distribution channels in the Italian market.
“With the new tariff rates established by the Italian Government to promote the use of PV products, the Italian market is expected to grow significantly in the coming years. Our cooperative agreements with these two companies follow our overall strategic plan to expand our presence in emerging markets like Italy,” said Salama Naguib, Vice President, Global Sales & Marketing of United Solar Ovonic.
“We are convinced that Italy will pave the way for Mediterranean countries to increase their level of financial commitment for the installation of PV power, and that our thin-film triple-junction technology will play a significant role in this regard,” said Dr. Claas Helmke, head of Strategic Development of United Solar Ovonic in Europe.