SPI Amends Solyndra Thin-Film Solar Module Agreement

Solar Power Inc. (SPI) has executed an amendment to its current supply agreement with Solyndra Inc., a California-based manufacturer of copper indium gallium selenide thin-film photovoltaic panels.

The amended agreement has a product value of approximately $325 million for the delivery of solar panels between 2008 and 2012, with yearly increasing volumes and a decreasing price per watt of peak output.

SPI says it will be one of the first companies in the U.S. to offer Solyndra's innovative PV panels to the marketplace. The panels feature a unique cell geometry that enables rapid installation and high energy production for large-scale rooftops.

SOURCE: SPI

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