OPEL International and Partner Complete Phase One of Commercial HCPV Installation Utility Grade Solar Farm of 110 kW Delivers Revenue and Power Grid Production
Shelton, CT and Toronto, ON, July 7, 2009 - OPEL International Inc., (TSX-V: OPL), a leading
the first HCPV installations supplying commercial electricity to the power grid and is already
generating revenue for BETASOL.
OPEL built this installation with its Mk-I high concentration panels (HCPVs) mounted on dual axis trackers. The balance of the installation is expected to be done during the third quarter of 2009. When the project is fully completed, it will supply electricity to over 350 households.
OPEL's partner, BETASOL, a Spanish company, specializes in building utility grade solar farm
installations and their subsequent sale to investor groups. Solar farms are a collection of solar panels mounted on trackers that convert solar energy into electricity. This utility grade solar farm is located in the Province of Tarragona in Spain, a prime area for solar deployments.
"The successful completion of the initial 110 kW phase of this HCPV system represents one of the first commercial grade installations using HCPV technology generating revenue in Spain, and we view it as a continued expansion of OPEL's leading edge solar concentrating technology," said Robert Pico, CEO of OPEL International.
"We are excited about the operational completion of this HCPV solar power plant, which is now delivering electricity to the power grid in Spain, and we are pleased to share this success with our partner, BETASOL, Pico added. This installation has attracted great interest of potential customers in both Europe and Africa. Our HCPV technology promises to deliver cost effective solar generated power to many markets across Europe and Africa."
"We at BETASOL are very pleased to have this project now providing renewable solar electricity to the power grid using HCPV, one of the advanced solar technologies in the world today," said Jesus Cabetas, Managing Director of BETASOL. "Our partnership with OPEL using its HCPV panels greatly improved the system's efficiency, thus making the rate of return provided by the Spanish feed-in tariff
structure even more attractive to investors."
"OPEL's Mk-I HCPV panel design is a cost competitive solution concentrating light from the sun more than 500 times on to very high efficiency multi junction solar cells," said Frank Middleton, Vice President of Marketing for OPEL International. "This product has conversion efficiencies up to twice those of silicon solar panels and more than three times that of thin film solar panels, making it an optimum solution, especially in sunny climates such as the Mediterranean basin and the South Western
OPEL will continue to report on its progress with this leading solar technology as it completes the other phases of this project.
About OPEL International
With operations headquartered in Shelton, CT and Toronto, Ontario, Canada, OPEL designs,
manufactures and markets high performance concentrating photovoltaic ("HCPV") panels to transformsolar energy into electricity for worldwide application. OPEL's high performance photovoltaic concentrating panels generate up to 40 percent more kilowatt-hours than conventional flat plate silicon solar panels, resulting in more cost-effective electricity generated from the sun. OPEL also markets a
complete line of dual and single axis solar trackers to mount solar panels for optimum power output. OPEL also designs infrared sensor type products for military and industrial applications.
A leader in gallium arsenide and solar photovoltaic technology, the company has been awarded 39 patents and has eight more patents pending. OPEL's common shares trade on the TSX Venture Exchange under the symbol "OPL". For more information about OPEL, please visit the Company's website at www.opelinc.com.
Dated: July 7, 2009
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
For further information:
Pat V. Agudow
Vice President, Administration
OPEL International, Inc.
Tel: (203) 612-2366 Ext 2612
Bill Blase, Cathy Loos or Stephanie Kuffner
WT Blase & Associates, Inc.
Tel: (212) 221-1079
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