Asola Advanced and Automotive Solar Systems GmbH, the German partner of Quantum Fuel Systems Technologies’ (Nasdaq: QTWW), has signed a $20 million contract to supply silicon photovoltaic solar modules to German-based solar system provider Krannich Solar.
Quantum recently announced the acquisition of a 25% stake in Asola, and also a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 megawatts (MW) of photovoltaic solar cells, starting in 2008.
Asola will begin deliveries to Krannich Solar in 2008, according to a release.
About Asola
Asola Advanced and Automotive Solar Systems GmbH produces and markets silicon-based photovoltaic modules. Asola’s technologies include high output and high efficiency flat modules for residential and industrial applications, specialized spherical modules for automotive applications and modules for various thin film technologies.
About Krannich Solar
Krannich Solar employs 115 people. In 205 the company installed 16 MW of solar power on roofs throughout Europe. The company said it was ranked among the top 10 suppliers of solar systems in 2006 and has increased revenue 25% in recent years. The company has offices in Germany, Italy, Spain and the U.S.
Loading...