Albuquerque, NM, Feb. 1, 2008 — EMCORE Corp. announced that it has signed a memorandum of understanding for the supply of between 200 MW and 700 MW of solar power systems that are scheduled for deployment in utility scale solar power projects under development in the southwestern region of the United States.
EMCORE will supply and install turnkey solar power systems utilizing EMCORE’s concentrating photovoltaic (CPV) systems developed at its Albuquerque, NM facility. The project developer, SunPeak Solar, is securing land and grid access throughout 2008 and project construction is expected to begin in early 2009.
The agreement is not expected to contribute revenues until 2009 and is dependant on the renewal of the federal investment tax credit (ITC) extending into 2009 and beyond.
EMCORE’s CPV systems are powered by compound semiconductor-based multi-junction solar cells that operate with 500x concentration.
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