Leading thin film module manufacturer Signet Solar executes definitive supply agreement with Spain based Tejados Industriales de Fotovoltaica to deploy a minimum of 10MW of Signet’s silicon thin film solar PV modules in 2010
Germany based Signet Solar and Spanish Tejados Fotovoltaica de Industriales (TIF) Group has recently announced that the two companies have executed a definitive supply agreement for Signet to supply to TIF a minimum of 10MWp of its thin film modules for shipments before
the end of June 2010 and a continued supply relationship for the remainder of 2010 and
“This agreement will serve as a strong foundation to the long standing successful workings
between Signet and TIF Group throughout Spain and Italy. TIF’s extensive market
expertise and access to significant equity investors combined with Signet’s aggressive
approach in helping its customers attain bankability through its debt and equity partners is
a great match," said Gunter Ziegenbalg, Managing Director of Signet Solar GmbH, at the
"I am very proud to have Signet as my strategic partner for PV deployments, said Klaus
Mueller, CEO of Tejados Fotovoltaica de Industriales Group – a leading EPC based in
Benissa, Spain.” “Signet’s consistent execution to its roadmap of releasing industry
leading efficiencies and power output for its silicon thin film modules has enabled BOS cost
advantages for my company, which I expect will continue to enable higher IRR’s for our
investors. Based on Signet’s 10-15% output performance advantage in higher insulation
areas such as Italy and Spain and their bankability now with over 10 debt financers, I am
confident I have made the right long term strategic partner.”
About Signet Solar
Signet Solar, Inc. is a global company established in 2006 to bring Clean Affordable
Renewable Energy™ to people and countries worldwide. Signet Solar is the first mover in
large-area silicon thin film PV technology that reduces total solar system costs and
installation time. Headquartered in Menlo Park, California, the company designs,
develops, manufactures and markets thin film modules for solar farms, large
commercial installations, BIPV and remote habitation applications. For more information
please visit www.signetsolar.com.
About Tejados Fotovoltaica de Industriales SL Group
Tejados Fotovoltaica de Industriales SL Group was formed in 2007 with the clear intention
of being a leading Engineering Procurement and Construction firm throughout southern
Europe. The company combined operations over the last 24 months with a network of
other EPC’s across Europe to offer customers turnkey PV solutions with approximately
6.8MW of roof installations and 14MW in ground mounted solar plants already installed to
date. TIF has a diversified staff of strong engineers, project managers and financial
experts, which has helped position the company well to serve the European.
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