News..DFE wins Massive Contract!!!!!!ay4 Energy signs 5.1-megawatt supply contract
2010-01-07 06:31 ET - News Release
Ms. Therese Hayes reports
DAY4 ENERGY EXPANDS CONTRACT FOR SOLAR ELECTRIC PROJECTS IN ONTARIO TO 5.1MW WITH HYBRIDYNE POWER SYSTEMS CANADA
Day4 Energy Inc. has entered into a supply contract to provide a total of 5.1 megawatts or 23,000 modules to Ontario's Hybridyne Power Systems Canada Inc., a 47.5-per-cent-owned affiliate of Atlantic Wind and Solar Inc., which specializes in the design, construction and management of utility-scale renewable energy parks. The 5.1-megagatt suite of projects consists of the two-megawatt Newcastle Solar Energy Park, which was recently announced by AWSL, along with 3.1 megawatts of rooftop arrays for the Toronto area.
Located approximately 80 kilometres east of Toronto, the two-megawatt Newcastle ground-mounted energy park will be the largest array from the group of projects and is expected to break ground in the second quarter of 2010. The 10-acre Solar Energy Park will combine approximately 8,900 highly efficient Day4 60MC-I guardian solar modules with eight of Hybridyne's HPE Hyperwatt 250 XLS professional series PV inverters to efficiently capture and deliver enough clean energy to power more than 360 homes each year. It will be one of Canada's larger photovoltaic (PV) installations upon its completion in late 2010.
The additional 3.1 megawatts of Day4 modules to be supplied above and beyond the initial two-megawatt Newcastle announcement will be used by Atlantic Wind and Solar on a variety of industrial and commercial flat roof arrays in the Toronto area.
"We are excited about working together with Hybridyne, one of our long-standing channel partners in Canada, towards providing Ontario customers with industry-leading PV energy generation solutions," said George Rubin, president of Day4 Energy. "This supply agreement is a result of our growing emphasis on the Canadian as well as overall North American market. It is also an indicator of the increasing volume of business opportunities that are emerging in this market."
"Quite simply, we intend to build one of the most efficient Solar Energy Parks in the world," said Thomas Cleland, president of Hybridyne Power Systems Canada Inc. and chief technical officer of Atlantic Wind and Solar. "By working exclusively with Day4 Energy's unique panels and using our own high-performance Hyperwatt XL PV inverter technology, the entire system is designed to garner much more usable electricity from the sun, allowing us to best utilize our allotted real estate and regional solar resource."
The Day4 solar module is based on the company's proprietary Day4 Electrode technology, an innovative approach to module construction that directly replaces decades-old soldering methods. The result is a high-quality Day4 solar electric product with higher performance, longer life, improved aesthetics and lower cost.
Hybridyne's advanced inverter technology is specifically designed to work with the Day4 Energy modules to convert direct current (DC) energy from the sun into usable alternating current (AC) electricity for the Ontario utility grid. Based on Hybridyne's data this advanced inverter technology provides up to 30 per cent more kilowatt hours of clean, renewable electricity when compared with conventional inverter technology. Thorough internal testing for the past few months in Ontario has confirmed outstanding performance of the Day4 modules and the inverter technology.
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