Record deal for boosted solar panels
SolFocus, a maker of concentrator photovoltaic systems, has signed a $103 million (80 euro) deal with Empe Solar, a Spanish group that promotes solar energy use.
Concentrator photovoltaic (CPV) systems typically use lenses and mirrors to concentrate light on solar cells to maximize the amount of electricity they can generate.
SolFocus plans to install over 10 megawatts of CPV systems across southern Spain for Empe Solar between now and 2010 as part of the deal.
SolFocus has already completed three utility-scale projects in Spain.
The 10-megawatt installation would collectively generate enough energy to supply a town of 40,000 residents, … Read more