Signet Solar, Moncada Energy Sign Supply Deal

Signet Solar and Moncada Energy Group have executed a definitive supply agreement for Signet to supply a minimum of 7.7 megawatts peak (MWp) of its Gen 8.5 thin film modules before the end of 2009 and a continued supply relationship in 2010 and beyond.

Moncada, the largest Sicilian producer of wind power (over 100 MW) with projects focused in renewable energy across all of Europe, will deploy the purchased thin film modules in large solar PV farms beneath the towers of their wind farms to allow both the panels and the wind turbines to use the same infrastructure in place to collect energy for, what Moncada calls, “double-harvesting renewable energy.”

"Our deployments will be the world’s first large scale installation of certified Gen 8.5 size (2.2 m x 2.6 m) modules,” said Salvatore Moncada, CEO of the Moncada Energy Group. “We believe that using these large modules in solar farms will allow for the lowest cost structure per installed watt due to the advances Signet Solar has made in thin film technology and module efficiency, and we are excited to work with Signet over the long term.”

Headquartered in Menlo Park, California, Signet Solar designs, develops, manufactures and markets thin film modules for solar farms, large commercial installations, BIPV and remote habitation applications.

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