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PV Panel Manufacturer Eyes Acres of Commercial Rooftops

PV Panel Manufacturer Eyes Acres of Commercial Rooftops

Solyndra, Inc., Fremont, Calif., today announced new solar photovoltaic(PV) system for the commercial rooftop market. Solyndra's PV system is designed to generate significantly more solar electricity on an annual basis from typical low-slope commercial rooftops with lower installation costs than conventional PV flat panel technologies. Commercial rooftops represent a vast, underutilized resource and huge opportunity for generating solar electricity. Since its founding in 2005, Solyndra has been developing technology and ramping manufacturing capacity to produce its proprietary thin-film PV system, which is based on the latest copper indium gallium selenide (CIGS) technology.

According to a report on Fortune magazine's Green Wombat blog, Solyndra has raised $600 million in funding from blue-chip private-equity firms such as Richard Branson’s (of Virgin Airlines fame) Virgin Green Fund and is already shipping its systems to fulfill $1.2 billion worth of multi-year contracts with customers in Europe and the United States.

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