-GreenTech – Candace Lombardi – 11-3-08 – 8:49am PST
SolFocus, a maker of concentrator photovoltaic systems, has signed a $103 million (80 euro) deal with Empe Solar, a Spanish group that promotes solar energy use.
SolFocus panels, made of mostly aluminum and glass, are 95 percent recyclable.
(Credit: SolFocus)
Concentrator photovoltaic (CPV) systems typically use lenses and mirrors to concentrate light on solar cells to maximize the amount of electricity they can generate.
SolFocus plans to install over 10 megawatts of CPV systems across southern Spain for Empe Solar between now and 2010 as part of the deal.
SolFocus has already completed three utility-scale projects in Spain.
The 10-megawatt installation would collectively generate enough energy to supply a town of 40,000 residents, and eliminate 27,000 tons of CO2 emissions per year if used to replace traditional fossil fuel energy generators.