Berlin-based SOLON AG, one of Europe's biggest manufacturers of solar modules and photovoltaic systems, has signed a supply agreement with the Spanish solar installation company Generació Fotovoltáico S.L. to supply photovoltaic modules with an output of more than ten megawatts. The agreement envisages the delivery of photovoltaic modules for five projects that are to be rolled out on the island of Majorca by the end of 2008. The first of these projects is scheduled to be completed by the end of 2007 and the other projects will be completed during the course of 2008. A further three projects, with a combined volume of around six megawatts, are currently being negotiated with the same customer.
This agreement represents further consolidation of SOLON AG's market position in the Balearics, where there has been strong growth in the market for solar power stations since the local elections in May, particularly on the island of Majorca. The Palma de Majorca-based company Generació Fotovoltáico S.L. has been operating in the solar energy sector since the 1980s, making it one of the best established partners in the region.
This agreement represents further consolidation of SOLON AG's market position in the Balearics, where there has been strong growth in the market for solar power stations since the local elections in May, particularly on the island of Majorca. The Palma de Majorca-based company Generació Fotovoltáico S.L. has been operating in the solar energy sector since the 1980s, making it one of the best established partners in the region.
