Opel International Announces Solar Field Installation in the Czech Republic
Toronto, Ontario, Nov. 15, 2007
Source: Opel International Inc. press release
http://opelinc.com/invest.htm
OPEL International Inc. (TSX VENTURE:OPL), a leading, global developer and supplier of high efficiency concentrating photovoltaic (CPV) panels , today announced that it has entered into an agreement with ENERGY 21 for a series of installations of OPEL’s state-of-the-art CPV panels in Central Europe. Under the terms of the agreement, ENERGY 21 will install progressively larger systems in the Czech Republic leading to the installation of its first large solar farm in 2008 and 2009. The systems will use OPEL’s Mk-I high concentration CPVs in combination with FEiNA’s solar trackers that OPEL will supply under the provisions of its OEM agreement with FEiNA.
“We are very excited about this opportunity to deliver our products into service in Europe, especially with a company with the technology vision that ENERGY 21 has,” said Frank Middleton, Vice President of Marketing for OPEL International. “With the price of crude oil reaching record levels, solar energy continues to be an increasingly attractive, and competitively priced renewable energy resource.”
ENERGY 21 and OPEL have been working together for several months evaluating ENERGY 21’s requirements for photovoltaic systems and concluded that OPEL’s Mk-I CPV represented the best possible alternative in terms of efficiency and economics for this market. “After extensive research of the available solutions in the market place, we concluded that the Mk-I had the necessary leading edge technology we were looking for to support our implementation of solar fields in Central Europe,” said Tomas Buzrla, CEO of ENERGY 21.
About OPEL
OPEL International Inc. designs, manufactures and markets innovative, state-of-the-art solar technology products designed to convert solar energy into electricity – at the least possible cost and greatest efficiency. A public company, Opel trades on the Toronto Venture Exchange. For more information about OPEL, please visit the company’s website at www.opelinc.com.