enXco and Solaria sign supply agreement

San Diego, August 19, 2010 – enXco, an EDF Energies Nouvelles Co., and Solaria Corp. announced a five-year global supply agreement under which module manufacturer Solaria will supply their patented solar module to enXco as well as a small equity investment from enXco in Solaria.

The agreement, which is a combination of a firm order and significant options, will enable enXco to execute on its growing portfolio of utility-scale solar photovoltaic projects in the U.S. and Canada.

“We are very pleased to have struck this strategic partnership with Solaria, as we believe they have developed a superior low concentration solar technology ideal for large solar tracking systems,” said David Kirkpatrick, Vice President of Solar Development for enXco.

“We have immense respect for enXco’s sophistication and EDF EN’s worldwide base of operations. As one of the most sophisticated developers of solar power plants and purchasers of solar PV modules, we are thrilled to be working with enXco,” noted Solaria CEO Daniel Shugar. “This investment by enXco further validates Solaria as a technology leader.”

Solaria modules are designed specifically for ground-mounted tracking systems and certified to UL1703 and IEC61215 standards. Based on patented low-cost technology, Solaria’s modules provide reliable performance while matching form, fit and performance of conventional PV modules.

 

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