EDF Energies Nouvelles (EEN.PA) will purchase solar panels from Silicon Valley-based Nanosolar beginning in 2009, the company announced.
Nanosolar manufactures thin-film photovoltaic cells of Copper-Indium-Gallium-Selenide (CIGS) using a printing deposition process.
EDF Energies Nouvelles said a contract between the two company’s secures a supply of the non-silicon solar panels at competitive prices. is thus securing its supply of panels at competitive prices, helping the company expand its solar activities in North America.
In parallel to the signing of the panel supply agreement, EDF Energies Nouvelles, is also contributing $50 million to an equity financing round completed by Nanosolar to further accelerate the company’s production ramp.
About EDF Energies Nouvelles
Founded in 1990, EDF Energies Nouvelles is a player in the green electricity generation market, with gross installed capacity of 1,443 MW worldwide at the end of 2007, plus 1,100 MW in gross capacity under construction. With a presence in nine European countries and in the United States, EDF Energies Nouvelles operates in four renewable energy segments (wind, solar, biomass and hydro). Wind energy currently accounts for more than 80% of its installed capacity. With its unique profile as an integrated operator, EDF Energies Nouvelles, which posted 2007 revenues of €560 million , has a presence spanning the entire value chain, from development and construction through to production and operations & maintenance.
About Nanosolar
Nanosolar manufactures thin-film photovoltaic cells of Copper-Indium-Gallium-Selenide (CIGS) using a printing deposition process. More information on Nanosolar is available on the Internet at www.nanosolar.com.
Loading...