Solyndra has announced it has signed a new long-term sales contract with solar integrator GeckoLogic, based in Wetzlar, Germany. The Euro-based contract value equates to approximately $250 million and extends through 2012.
The GeckoLogic contract is part of Solyndra's previously-announced total contractual backlog of approximately $1.2 billion. The solar panels for these contracts will be manufactured at Solyndra's facilities in Fremont and Milpitas, California.
"We are very pleased to announce this relationship with GeckoLogic. Their European expertise and emerging North American capabilities should enable exceptional growth in the fastest growing markets for commercial scale solar," said Solyndra founder and CEO Chris Gronet.
"We expect that the Solyndra system's ease and speed of installation can enable GeckoLogic crews to annually outfit significantly more commercial rooftops with solar."
Solyndra's thin film PV system is designed to generate significantly more solar electricity on an annual basis from typical low-slope commercial rooftops while uniquely providing much lower installation costs than conventional PV flat panel technologies.
"Solyndra's light system weight and low wind loading enables our firm to install solar on a large number of rooftops that otherwise could not support traditional PV systems," said Steve Gyoerffy, CEO and co-founder of GeckoLogic.
"Additionally, the non-penetrating mounting system gives my customers piece of mind that the roof will never leak."
