Mar 4 2010
Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced it has been selected by ProLogis and Portland General Electric (PGE) to deliver 2.4MWp of Uni-Solar® laminates for installation on seven ProLogis distribution warehouses in Portland, Gresham, and Clackamas in Oregon.
The solar power systems will be installed by Northwest Solar Solutions on rooftops leased from ProLogis. U.S. Bank and PGE have formed SunWay 3, LLC to own and operate the system and to secure state and federal solar tax credits to help finance the project. Construction will take place in the spring and summer of 2010.
This rooftop solar installation is ECD's second project with ProLogis and PGE. The new project will use the same type of UNI-SOLAR light weight, flexible solar laminates that were featured on the previous 1.1 megawatt rooftop project that ProLogis and PGE brought online in 2008. Taken together, the two projects produce enough energy to power approximately 388 households annually.
"We are pleased to again be working with both Energy Conversion Devices and PGE," said Drew Torbin, vice president of renewable energy for ProLogis. "Once completed, the 906,000-square-foot project will become the largest rooftop solar system in the Pacific Northwest."
Mark Morelli, ECD's president and CEO, said, "This announcement is another indication that we are gaining traction as we transition our business model to focus on large-scale, multi-rooftop projects. We have worked with ProLogis on projects in France and Spain, and we are always pleased to do repeat business with this valued customer. We look forward to completing this installation for PGE and working with ProLogis on many more projects."