OPEL Solar Inc., a global developer and supplier of high-concentration photovoltaic (HCPV) solar panels and other solar products, has signed an agreement with Tecneira SA, ProCME Group's Portuguese renewable energy company.
As part of a government ceremony headed by Portuguese Prime Minister Jose Socrates, OPEL Solar and Tecneira were awarded in the preliminary phase of projects, a 1 MW HCPV power plant installation.
This solar project will be eligible for the Portuguese feed-in tariff, which will provide a guaranteed investment rate of return, the companies note. The plant will be located in Alqueva in the Moura region of southern Portugal.
SOURCE: OPEL Solar Inc.