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Solyndra, Inc. Signs Sales Contract for Approximately $115 Million

Fremont, Ca., May 21, 2009
Source: Solyndra Inc., press release

Solyndra, Inc., a manufacturer of innovative proprietary photovoltaic (PV) systems for commercial rooftops, announced it has signed a new long-term sales contract with solar integrator EBITSCHenergietechnik, based in Zapfendorf, Germany. The Euro-based contract, worth up to $115 million, extends through 2013 and brings Solyndra’s contractual backlog to approximately $1.8 billion. The solar panels for these contracts will be manufactured at Solyndra’s facilities in Fremont and Milpitas, California.

“We are very pleased to announce this relationship with EBITSCHenergietechnik, a true pioneer in the field of renewable energy with more than 20 years installation experience. Together with Solyndra’s innovative PV systems, EBITSCHenergietechnik’s strong presence in Germany and elsewhere in Europe should lead to world-class  photovoltaic installations in the fastest growing markets for commercial scale solar,” said Dr. Kelly Truman,  Solyndra’s VP of Marketing, Sales and Business Development.

Solyndra’s cylindrical, thin film PV systems are designed to generate more electricity on an annual basis from typical low-slope commercial rooftops, while uniquely providing much lower installation costs than conventional PV flat panel technologies.

“The photovoltaics market is fast moving, so it is important to keep your eyes open for new products. Solyndra’s solution dramatically changes the model for installation of PV systems, expanding the market by addressing large numbers of industrial rooftops which are not economically viable with other PV technologies.  We’re confident that we have taken a smart step into a sunny future with Solyndra,” said Horst Ebitsch, founder and managing director of EBITSCHenergietechnik.

About EBITSCHenergietechnik
Since 1990 EBITSCHenergietechnik GmbH has been designing and installing a wide variety of renewable energy systems, including photovoltaic, solar thermal, combined heat power (CHP) and ecological heating systems. Under the management of Horst Ebitsch, EBITSCH offers a complete end-to-end service, including planning, design, procurement, installation and post-install service, with a focus on quality, reliability and customer satisfaction. Long-term know-how, quality products and a well-trained staff guarantees our customers quality and safety. EBITSCH has installed more than 1,500 systems to-date. Learn more at

About Solyndra
Solyndra designs and manufactures photovoltaic systems, comprised of panels and mounting hardware, for the commercial rooftop market. Solyndra employs high-volume manufacturing based on proven technologies and processes to meet the needs of the global solar market. Using proprietary cylindrical modules and thin-film technology, Solyndra systems are designed to provide the lowest installed cost per system and the highest solar electrical energy output for typical low slope commercial rooftops. Headquartered in Fremont, CA, Solyndra operates a state-of-the-art 300,000-square-foot fully automated manufacturing complex.