MiaSolé Signs 600 MW Long-Term Framework Agreement with juwi Solar

MiaSolé, the leading manufacturer of Copper Indium Gallium Selenide (CIGS) thin-film photovoltaic solar panels, today announced the completion of a multiple year purchase agreement to supply CIGS modules to juwi Solar GmbH.

The agreement outlines 50 MW of shipments in 2011 and a total of 600 MW to be shipped over the period of the agreement. The framework agreement represents the next step in what has been a long term relationship between the two parties.

“juwi has an excellent history of developing and executing projects on a number of continents,” said Joe Laia, CEO of MiaSolé. “We are happy to align our corporate strategy with their history and experience.”

“The long-term nature and volumes outlined in the current supply agreement with MiaSolé enable juwi to continue its plan of rapid growth,” said Lars Falck. “In the prevailing unpredictable environment, MiaSolé is proving to be an outstanding partner. We are very fond of their product. Quality and professionalism will enable MiaSolé to quickly gain market share.”

MiaSolé is a pioneer and leading developer of Copper Indium Gallium Selenide (CIGS) thin-film photovoltaic solar panels, one of the lowest-cost, highest efficiency solar panels in the world. MiaSolé’s primary mission is to advance the extraordinary potential for harnessing solar power as a competitive, sustainable energy source and enable grid parity by 2012.

Based in California, MiaSolé currently operates two manufacturing facilities with construction beginning on the third factory in 2010. Additional information on the company can be found at www.miasole.com.

juwi is one of the leading project developers in the renewable energy sector. Since 1996 the German company has been designing, building, financing and operating solar, wind energy and bio energy plants.

The CEOs and founders Fred Jung and Matthias Willenbacher transformed the company from a two-person operation into an internationally active group with over 900 employees and annual revenue of approximately 900 million euros (outlook 2010).

To date, juwi has installed around 1,300 PV systems with a total capacity of over 500 megawatts, among them one of the world’s largest solar power plants in Eastern Germany, and more than 400 wind turbines with a total output of about 600 megawatts. juwi has subsidiaries in Germany, the United States, France, Italy, Spain, the Czech Republic, Greece, Poland and Costa Rica.