Montreal-headquartered ICP Solar Technologies Inc., a developer, manufacturer and marketer of solar products, has signed an agreement with Tejas Solares, a Spain-based residential solar system developer, to supply solar energy solutions worth up to 15 million euros per year.
Under the terms of the agreement, ICP Solar will provide a new kind of solar tile that is specifically designed for Spanish-style homes, which is currently under development, the companies say. In return, Tejas Solares will commit to using ICP's solution in at least 2,000 homes annually on the Spanish market.
‘Tejas Solares is constantly looking for innovative solutions to satisfy the demanding requirements of the Spanish real estate market with regard to solar energy,’ says Camilo Menendez, Tejas Solares' president. ‘Together, our two companies have a deep knowledge of both the real estate and solar arenas.’
To support this expansion, as well as the company's integration into the European, Middle Eastern, African and Asia-Pacific markets, ICP is opening a new office in Madrid located at Avenida de La Vega 1, Edificio Veganova in Alcobendas.