OPEL International (OPL.V), a manufacturer of high concentration photovoltaic (HCPV) solar products, has signed a five-year solar cell supply contract with Spectrolab, Inc., a Boeing Company (NYSE: BA).
Under the terms of the contract, OPEL will be placing individual incremental orders for solar cells every calendar year. To cover its initial HCPV production requirements, OPEL has placed an initial firm purchase order for 10 MW of high efficiency triple junction solar cells for delivery in 2008. Spectrolab has already started shipping product to OPEL to fulfill this order.
"This contract represents both a great opportunity and a minimization of risk for OPEL," said Robert Pico, CEO of OPEL International. "With secure access to an adequate supply of Boeing-Spectrolab’s superior solar cells, we have the necessary raw material to ensure we can deliver HCPV panels to customers for the foreseeable future."
Used in conjunction with OPEL’s concentrating PV technology, Spectrolab’s triple junction cells are each capable of producing 15-17 watts, representing 37% efficiency, a rating significantly higher than that achieved with conventional silicon cells.
Dr. Raed Sherif, General Manager, Terrestrial Photovoltaic Products for Spectrolab said his company expects to deliver 40% efficiency in 2010.
About OPEL International
With operations headquartered in Shelton, CT, OPEL designs, manufactures and markets solar technology products. The company’s products are based on technology developed in cooperation with the University of Connecticut (Storrs, CT) and the Canadian National Research Centre (Ottawa, ON). A developer of gallium arsenide and solar photovoltaic technology, the company has been awarded 23 patents and has 23 more patents pending.
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