United Solar Announces Order From India's JSW Green Energy
09 5월 2011 - 10:09PM
United Solar, the leading global manufacturer of flexible,
thin-film solar laminates and a wholly owned subsidiary of Energy
Conversion Devices, Inc. (ECD) (Nasdaq:ENER), announced today an
order for 500 kilowatts (kWp) of its UNI-SOLAR® laminates from JSW
Green Energy, a 100% subsidiary of JSW Energy Ltd. of Mumbai,
India.
JSW Energy, part of the JSW Group of companies, is one of
India's fastest growing power companies and is working towards
becoming one of the leading private power producers in the country.
As part of this growth strategy, JSW Energy desires to utilize
clean, renewable solar energy in its platform of power
generation.
"JSW Green Energy is keen on developing special solar products
suitable for rooftop mounting wherein UNI-SOLAR panels fit in very
well. We plan to utilize their extensive solar photovoltaic (PV)
industry expertise and superior flexible solar technology for
on-grid solar applications in India. We want to establish a long
and successful relationship with United Solar and look forward to
employing their unique thin-film technology in pioneering rooftop
projects in India," commented Mr. Shishir Tamotia, CEO, JSW Green
Energy Ltd.
JSW Green Energy Ltd (JSWGEL), a wholly owned subsidiary of JSW
Energy Ltd, is an independent entity focusing on the development of
the renewable energy business in India. JSWGEL is a peak power
generator company and currently is engaged in engineering,
procurement and construction of rooftop integrated
grid-interactive/off-grid solar PV systems. JSWGEL envisages being
a leader in the supply, design and installation of building
integrated photovoltaic (BIPV) and building applied photovoltaic
(BAPV) products in India. JSWGEL is also in the business of setting
up bio-gas based anerobic digesters across the country that would
be utilized for cooking and rural electrification purposes.
"We are pleased to begin this strategic relationship with JSW,"
said Dr. Subhendu Guha, Chairman of United Solar and Executive Vice
President of Photovoltaic Technology, Energy Conversion Devices.
"We view India as a key growth market for us in the future, and we
believe that our UNI-SOLAR products are uniquely suited for the
high heat and high insolation that is found in the Indian market.
We look forward to future business with the JSW Group."
United Solar has more than 25 years experience in the industry
of solar power generation, and is the largest manufacturer of
lightweight, flexible solar panels in the world.
About Energy Conversion Devices/United
Solar
Energy Conversion Devices (ECD) (Nasdaq:ENER) is a leader in
building-integrated and rooftop photovoltaics. The company
manufactures, sells and installs thin-film solar laminates that
convert sunlight to clean, renewable energy using proprietary
technology. ECD's UNI-SOLAR® brand products are unique because of
their flexibility, light weight, ease of installation, durability,
and real-world efficiency. The company also designs, manufactures
and installs rooftop photovoltaic systems, which enable customers
to transform unused space on the rooftop into a value-generating
asset. In addition, ECD's Ovonic Materials Division is the pioneer
in NiMH battery technology, and is developing low cost fuel cells,
hydrogen production from bioreformation, and hydrogen storage
technologies. For more information, please visit
energyconversiondevices.com or follow ECD on Twitter @ECD_ENER.
CONTACT: Energy Conversion Devices Investor Relations Contact:
Michael E. Schostak, Head of Investor Relations
investor.relations@energyconversiondevices.com
(248) 299-6063
United Solar Public Relations Contact:
Wendy Ventura, Marketing Communications Manager
pr@uni-solar.com
(248) 299-6064
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