OPEL Solar, Inc. and BETASOL Celebrate the Next Phase Completion of One of World's First Commercial HCPV Power Installations
October 20 2009 - 9:15AM
Marketwired Canada
OPEL Solar, Inc., a leading global developer and supplier of high concentration
photovoltaic ("HCPV") and other solar products, including ground-based and
rooftop tracker systems, and its Spanish partner, BETASOL, today celebrated the
completion of 330 kilowatts (kW) of its utility grade solar photovoltaic power
plant in Spain. OPEL Solar, Inc. is a subsidiary of OPEL International Inc. (TSX
VENTURE:OPL).
This utility grade solar farm is one of the first operable solar grid fields in
the world using OPEL's HCPV leading edge solar technology. It generates 330 kW
of electricity to the power grid, increasing revenue for BETASOL. The
installation is located in the Tarragona region of Spain, a prime location for
solar development.
OPEL Solar continues to highlight the benefits of its advanced technology by
hosting numerous customer visits to the solar farm. At the system site, visitors
have an opportunity to see OPEL's leading edge solar technology as a viable
source of solar electric power generation.
"The reaction of customers to OPEL's HCPV technology has been nothing but
positive," said Robert Pico, CEO of OPEL Solar, Inc. "HCPV delivers scalable
electric power to the grid, and visitors can witness this leap in solar
technology firsthand."
OPEL built the installation with its Mk-I high concentration panels (HCPVs)
mounted on dual axis trackers. The combination of OPEL's HCPV panels and
precision dual axis trackers results in a higher power production per unit of
land (acre/hectare) than silicon or thin film flat panels with a potential to
increase photovoltaic yields by up to 40 percent.
About OPEL Solar, Inc. and OPEL International Inc.
With operations headquartered in Shelton, CT and Toronto, Ontario, Canada, OPEL
designs, manufactures and markets high performance concentrating photovoltaic
("HCPV") panels to transform solar energy into electricity for worldwide
application. OPEL's high performance photovoltaic concentrating panels generate
up to 40 percent more kilowatt-hours than conventional flat plate silicon solar
panels, resulting in more cost-effective electricity generated from the sun.
OPEL also markets a complete line of dual and single axis solar trackers to
mount solar panels for optimum power output. OPEL also designs infrared sensor
type products for military and industrial applications.
A leader in gallium arsenide and solar photovoltaic technology, the Company has
been awarded 39 patents and has eight more patents pending. OPEL's common shares
trade on the TSX Venture Exchange under the symbol "OPL". For more information
about OPEL Solar, Inc., please visit the Company's website at www.opelinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
Investors are cautioned that except for statements of historical facts, certain
statements contained in this news release may include forward-looking
information with respect to the Company. Such forward-looking statements or
information are based on current expectations, estimates and projections
formulated using assumptions currently believed to be reasonable and involving a
number of risks and uncertainties which could cause actual results to differ
materially from those anticipated. The Company does not undertake any obligation
to update publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise, unless so
required by applicable securities laws.
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