MMA Renewable Ventures, Global Solar Sign First PPA For CIGS Thin Film

MMA Renewable Ventures LLC, a subsidiary of Municipal Mortgage & Equity LLC, and Global Solar Energy, a manufacturer of copper indium gallium diselenide (CIGS) thin-film solar cells, plan to construct a new solar electric system at Global Solar's manufacturing facility in Tucson, Ariz.

The 750 kW installation will mark the first commercial-scale deployment of Global Solar's CIGS thin-film solar technology, the companies note. The system will be financed, owned and operated by MMA Renewable Ventures, with Global Solar purchasing the clean power generated under the terms of a 25-year power purchase agreement (PPA). Operation is expected to begin this fall.

Designed and installed by Solon America Corp., the thin-film solar power system will generate more than 1.1 million kWh of renewable electricity annually at Global Solar's factory.

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