OPEL Solar Asia (OSA), a supplier of high concentration photovoltaic (HCPV) solar panels and other solar power products earlier this week announced a second deal for its HCPV panels and dual axis trackers in China.
The company signed an agreement with a second of the five national power utilities in China, for the supply and installation of OPEL’s HCPV systems to be deployed in the region of Inner Mongolia in China. OSA is a joint venture between OPEL Solar in the U.S. and Ecotech Environmental Technology, based in Hong Kong.
The company said in a news release that the agreement doubles the number of HCPV panels and trackers OPEL will deliver to China this year. It will help the company beat its own forecast with more than 5 MW in orders already received.
Experts say East Asia and China in particular will be the fastest growing CPV solar market in the world. The Central Chinese government has doubled from 5 GW to 10 GW its PV installation targets by 2015.
The agreement brings two of the five major electric power companies online to OSA. Deliveries are expected to begin in the second half of 2011 and completed in 2012. The agreement will bring in tens of millions of dollars to the company’s HCPV solar system, said OPEL’s CEO Leon M. Pierhal.