OPEL International and Partners Apply for Grid Field Permit in Spain
August 25 2008 - 11:02AM
Marketwired Canada
OPEL International Inc. (TSX VENTURE:OPL) ("OPEL" or "the Company"), a leading
global developer and supplier of concentrating photovoltaic panels (CPVs), today
announced that the Company and its partners have applied for a permit to build a
solar grid field in excess of 700 kW in Spain.
Following completion of the deployment, the grid field will be owned by a
third-party group acting as power suppliers. OPEL will supply the project with
its Mk-I high efficiency concentrator panels and dual axis trackers. This
combination of products will ensure that the grid field yields the maximum
number of kilowatt hours attainable.
This opportunity in Spain is attributable to upcoming changes in Spain's solar
feed-in tariff structure. These changes, in conjunction with the deployment of
OPEL's high efficiency CPV panels, are expected to result in a favorable
operating cost structure for the eventual operators of the grid field. Banking
arrangements are already in place for the permit process filing.
"This is an important milestone for OPEL," said Robert Pico, CEO of OPEL
International. "Spain has taken a leadership position in promoting solar power
and we're excited about the opportunity to sell our CPV products and trackers
into this exciting market. I look forward to reporting on our progress with this
initiative in the near future."
About OPEL International
With operations headquartered in Shelton, CT and Toronto, Ontario, Canada OPEL
designs, manufactures and markets innovative, state-of-the-art solar technology
products designed to convert solar energy into electricity - at the least
possible cost and greatest efficiency. The Company's products are based on
technology developed in cooperation with the University of Connecticut (Storrs,
CT) and the Canadian National Research Centre (Ottawa, ON). A leader in gallium
arsenide and solar photovoltaic technology, the Company has been awarded 23
patents and has 23 more patents pending. OPEL's common shares trade on the TSX
Venture Exchange under the symbol "OPL". For more information about OPEL, please
visit the Company's website at www.opelinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
Poet Technologies, Inc. (TSXV:OPL)
Historical Stock Chart
From Oct 2024 to Nov 2024
Poet Technologies, Inc. (TSXV:OPL)
Historical Stock Chart
From Nov 2023 to Nov 2024