Solar Integrated wins initial order for french Carrefour group
Continued Penetration in Attractive French Solar Market
London, UK, and Los Angeles, California, July 24, 2007
Source: Solar Integrated Technologies, Inc., / press release
http://www.solarintegrated.com/SIT_PR_Carrefour_v3_PDF.htm
Solar Integrated Technologies, Inc. (AIM:SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems, announced today that it has won through its French partner Urbasolar a first order for a BIPV roofing system to be installed at a Carrefour Group distribution facility under construction in Nimes, France. The project is being managed by Urbasolar, a turn-key PV engineering company based in Montpellier, France. The project is expected to be completed in 2007.
“With 2006 revenue of about €97 billion, and more than 12,500 stores in 29 countries covering more than 15 million square meters of sales area, Carrefour Group is the second largest retailer in the world and the largest in Europe,” stated R. Randall MacEwen, President & CEO of Solar Integrated. “We are particularly interested in Carrefour Group’s strong ‘hyper market’ position in Europe where they are the leading grocery chain with 218 large ‘hyper market’ stores. Carrefour Group’s strong French position aligns well with France’s premium feed-in tariff of €0.55 per kWh for single layer BIPV systems. With our unique BIPV product and a strong local partner in Urbasolar, we continue to view France as an attractive market, and Carrefour Group as an attractive target customer for repeat business”.
The Carrefour Group commented: “The Carrefour Group is committed to environmental respect, including the reduction of greenhouse gases. One of the guiding principles of our environmental policy is to reduce environmental impacts related to construction and operation of stores. With the premium French feed-in tariff for BIPV applications and our ‘hyper market’ position, this is a logical ‘sweet spot’ for us to consider additional solar projects.”
Stephanie Giraud, CEO of Urbasolar stated, “With Solar Integrated’s BIPV product, we have been developing an innovative product perfectly designed for BIPV project and for the French market We continue to work closely with Solar Integrated to rapidly sell and deploy BIPV projects across France.”