Tuesday, July 8, 2008

Energy Conversion To Power World's Largest Rooftop Solar System for GM (ENER)

From the International Herald Tribune:

A Michigan company, Energy Conversion Devices, plans to announce Tuesday that it is providing the solar electric system for what it says will be the world's largest rooftop array, on a General Motors assembly plant in Zaragoza, Spain.

The project will be 12 megawatts, a huge number in a field where most arrays are measured in kilowatts, units 1,000 times smaller.

The project will use solar devices manufactured in rolls, like carpet runners. Installation will be completed this fall, according to the company, which is based in Rochester Hills, Michigan Energy Conversion will supply the equipment to Veolia Environment and Clairvoyant Energy, which will lease the rooftop space from GM and own and operate the installation, which will be two million square feet.

Spain has become a center of solar installations because it offers generous subsidies, 0.42 euro a kilowatt-hour (66 cents). That is about five times the average cost of a kilowatt hour to residential customers in the United States. The Spanish government is considering a reduction in the subsidy for installations after September....MORE

Our previous posts on ENER:

Energy Conversion Devices (NASDAQ:ENER): See 50%+ upside potential - Cowen & Co

Energy Conversion Devices To Sell $225M Cvts, 4.7M Shrs (ENER)

Energy Conversion shares rise to new high (ENER)

Energy Conversion Devices on Briefing.com (ENER)

"Tomorrow's"* Trades: Alternative Energy (ENER, FSLR, WFR)

Blowout Quarter: Energy Conversion Devices (ENER)

Analyst Sees 100%+ Upside In Many Solar Stocks (ENER; ESLR; FSLR; SPWR; STP)

Thinner, better, already sold out—the new new thing in solar?

NCN Solar: The current state of things (ENER; EMKR; FSLR; SPWR; STP)

New Energy Congress: Top 100 Technologies