Solyndra in new $250M solar panel contract with German company
Solyndra Inc., a maker of photovoltaic systems designed to optimize solar electricity production on commercial rooftops, said Thursday it signed a new long-term sales contract with solar integrator GeckoLogic GmbH for about $250 million.
Fremont-based Solyndra said the contract with Wetzlar, Germany-based GeckoLogic extends through 2012 and is part of Solyndra’s previously-announced total contractual backlog of approximately $1.2 billion.
The solar panels for these contracts will be manufactured at Solyndra’s facilities in Fremont and Milpitas.
“We are very pleased to announce this relationship with GeckoLogic advance america cash advance. Their European expertise and emerging North American capabilities should enable exceptional growth in the fastest growing markets for commercial scale solar,” said Solyndra founder and CEO Chris Gronet. “We expect that the Solyndra system’s ease and speed of installation can enable GeckoLogic crews to annually outfit significantly more commercial rooftops with solar.”
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