RE: NewsSustainable Energy's PARALEX(TM) Solution Enables 1st Megawatt Scale Massively Parallel Ground-Based Thin Film Solar Plant
Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or the "Company") announced today that it has begun deliveries of its solar power inverters to Tejados Industriales de Fotovoltaica, S.L., ("TIF") a leading Spanish EPC company, affiliated with Signet Solar GmbH, for a 1.8 MW solar power plant located in the Blizkovice region of the Czech Republic.
The solar plant, which is being jointly developed by Signet Solar GmbH and BSC-Solar group, a solar project developer based in the Czech Republic, is scheduled for grid connection before year end. The Signet Solar PV modules will be wired in parallel using Sustainable Energy's patented PARALEX(TM) solution and making it world's first MW scale power plant using the parallel system architecture.
"This order is a testament to the growing appreciation for the value the PARALEX(TM) operating system in Europe, not only for rooftop solar PV systems but also for ground based solar plants" said Robert Bucher, President & CEO of Sustainable Energy. "We are also pleased with our new relationship with the TIF Group to whom we are supplying inverters for this and other projects."
PARALEX(TM) is an operating system architecture enabling thin film solar modules to be wired in a massively parallel array. Based on Sustainable Energy's patented inverter technology, the PARALEX(TM) architecture enables each solar module to operate independently of any other module in the system ensuring every module delivers its maximum power potential while reducing the impact of shading, soiling and other real world factors. A video explaining PARALEX and its advantages can be found at www.ParalexSolar.com.
Klaus Mueller, Managing Director of TIF, added his comments: "We are very pleased to see the PARALEX solution in the marketplace and optimized for Signet Solar modules. We believe our PARALEX/Signet Solar system will provide a superior performance ratio to any other solution available today. A 'parallel system architecture" is a concept that the PV industry has been waiting towards for some time but until now developments have focused only on standard crystalline type modules. In our opinion, PARALEX is the most economic way to optimize the power output and reap the benefits of parallel architectures."
Sustainable Energy will supply inverters from existing inventory. First European deliveries of the second generation inverter are expected to begin later this year.
About Tejados Fotovoltaica de Industriales SL
Based in Benissa, Spain, Tejados Fotovoltaica de Industriales SL Group was formed in 2007 with the goal of being a leading engineering, procurement and construction firm throughout Southern Europe. TIF has a diversified staff of experienced engineers, project managers and financial experts; and has also integrated operations with a network of other EPC's across Europe to offer customers turnkey PV solution. TIF recently announced a strategic supply agreement (November 3, 2009) with Signet Solar (www.signetsolar.com).