OPEL International and Partners Apply for Grid Field Permit in Spain
Shelton, CT and Toronto, ON, August 25, 2008
Source: OPEL international Inc, press release
http://www.opelinc.com/invest.htm
OPEL International Inc., a leading global developer and supplier of concentrating photovoltaic panels (CPVs),
today announced that the Company and its partners have applied for a permit to build a solar grid field in excess of 700 kW in Spain. Following completion of the deployment, the grid field will be owned by a third-party group acting as power suppliers. Opel will supply the project with its Mk-I high efficiency concentrator panels and dual axis trackers. This combination of products will ensure that the grid field yields the maximum number of kilowatt hours attainable.
This opportunity in Spain is attributable to upcoming changes in Spain’s solar feed-in tariff structure. These changes, in conjunction with the deployment of OPEL’s high efficiency CPV panels, are expected to result in a favorable operating cost structure for the eventual operators of the grid field. Banking arrangements are already in place for the permit process filing. « This is an important milestone for OPEL, » said Robert Pico, CEO of OPEL International. « Spain has taken a leadership position in promoting solar power and we’re excited about the opportunity to sell our CPV products and trackers into this exciting market. I look forward to reporting on our progress with this initiative in the near future. »
About OPEL International
With operations headquartered in Shelton, CT and Toronto, Ontario, Canada OPEL 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. 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).