Power plant builder and operator MMA Renewable Ventures, LLC, announced plans to build a solar electric system at Global Solar’s thin-film solar manufacturing facility in Tucson, Arizona.
MMA will finance the 750-kilowatt, which will be the first to use Global Solar’s Copper Indium Gallium diSelenide (CIGS) thin-film solar cells. These cells are unique in that they do not contain silicon, which according to Global Solar makes them less expensive to produce.
Global Solar has agreed to purchase the electricity produced from the solar system from MMA for 25 years. the system will be designed and installed by by Solon America Corporation.
Global Solar announced separately that its 35 megawatts plant in Berlin, Germany will open this fall.
About MMA Renewable Ventures
A subsidiary of Municipal Mortgage & Equity, LLC "MuniMae," (Pink Sheets: MMAB), MMA Renewable Ventures finances, owns and operates renewable energy and energy efficiency assets in the United States. The Company provides leases, Power Purchase Agreements (PPAs) and other customized financial solutions to help its customers manage energy costs. MMA Renewable Ventures is dedicated to delivering competitively priced, clean energy and energy savings to customers, strong partnership options for project developers, and exceptional opportunities for institutional investment in the clean energy sector.
About Global Solar Energy
Global Solar Energy manufactures thin film solar cells for glass module or flexible material products. Global Solar says it is the only Copper Indium Gallium diSelenide (CIGS) manufacturer in full-scale production on a flexible substrate and has achieved 10% average solar cell efficiency. Its thin film CIGS strings are not dependant on silicon and instead use highly-available raw materials that are easily integrated into a wide range of applications for use in commercial, residential, utility-scale and government products. For more information, visit http://www.globalsolar.com.
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