enXco and Solaria Sign Photovoltaic Supply Agreement

enXco – an EDF Energies Nouvelles Company (PARIS: EEN) and Solaria Corporation announced today a five year global supply agreement under which module manufacturer Solaria will supply their patented solar photovoltaic module to enXco as well as a small equity investment from enXco in Solaria.

“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”

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 United States 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.

With operations in Europe and North America, EDF Energies Nouvelles is a market leader in green electricity production. With a development focused on wind energy for several years and more recently on solar photovoltaic, the Group is also present in other segments of the renewable energies market: small hydro, marine energy, biomass, biofuel and biogas. In addition, the Group is expanding in the distributed renewable energies sector.

www.edf-energies-nouvelles.com