Solar Integrated wins US$6.6 Million Order for Largest Solar Roofing Project in France
London, UK and Los Angeles, California, November 15, 2007
Source: Ovonics press release
Solar Integrated Technologies, Inc. (AIM:SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems, announced today that it has won a U.S.$6.6 million order for a BIPV roofing system to be owned and operated by Akuo Energy, a rewewable energy project developer. The BIPV system will be installed at a logistics facility currently under construction in Southern France. The BIPV project is being managed by Urbasolar, a turn-key PV engineering company based in Montpellier, which is an authorised distributor and partner of Solar Integrated in France. The project, planned for completion in 2008, is expected to be the largest BIPV roofing system in France.
“This exciting contract win is further evidence of our strong competitive position in France where there is a premium feed-in tariff of €0.55 per kWh for single layer BIPV systems,” stated R. Randall MacEwen, President & CEO of Solar Integrated. “Akuo Energy is demonstrating significant leadership in deploying the largest BIPV system in France. We are pleased with the
confidence Akuo Energy has invested in selecting our innovative integrated solar roofing product.”
Eric Scotto, CEO of Akuo Energy, stated: “We are excited to be financing and operating one of the largest solar roofing energy generation projects in Europe. Akuo Energy invests in and operates projects across all areas of renewable energy, but we feel that solar energy in particular represents one of the most promising areas for growth. Hence, we see this project as
one of the first in a long series of future successes within the solar energy field in France, and we envision many more throughout Europe in the near future.” Stephanie Giraud, CEO of Urbasolar stated: “We continue to partner with Solar Integrated to rapidly sell and deploy BIPV projects in France. We are building an exciting pipeline of additional projects.”
About Solar Integrated:
Solar Integrated Technologies, Inc. (SIT: AIM.LN) is a Los Angeles-based company that manufactures, designs and installs building integrated photovoltaic (BIPV) roofing systems for non-residential, low-slope rooftops. We are a leader in the development of an innovative and proprietary BIPV roofing system that combines flexible thin-film solar modules with a single-ply roofing membrane for large-scale commercial and industrial applications. Our BIPV roofing system enables our customers to transform a traditional rooftop into a value-generating asset. Our customers include Audi, Carrefour, Coca-Cola Enterprises, Frito-Lay, Honeywell, Metro,
ProLogis, San Diego Unified School District, Tesco, Toyota, Unibail-Rodamco, UPC Solar, U.S. Air Force, U.S. GSA, U.S. Navy, Wal-Mart and Westfield. For more information, please visit www.solarintegrated.com.
About Urbasolar:
Urbasolar is specialized in turnkey photovoltaic projects and is a significant actor in the French landscape with more than a decade of renewable energy experience. For more information, please visit www.urbasolar.com.
About Akuo Energy :
Akuo Energy is a European-based investor, developer and operator of renewable energy plants across Europe, North and South America. Today, Akuo is actively developing several projects across a broad range of renewable energy sectors, including: Solar plants, Wind Farms, Hydro
electric plants, Bio Ethanol plants, Biomass energy plants, Wood pellet production plants.