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GWS Technologies Developing Proprietary PV Solar Panel
Scottsdale AZ (SPX) Aug 31, 2009 GWS Technologies has announced that it is working with Shanghai Top Resources Import and Export and America China Technology Systems in Shanghai, China, and the Shanghai Institute of Space Power Sources to develop a proprietary 210 watt polycrystalline silicon solar panel specifically adapted for commercial retrofits and the demanding climate of Arizona and the desert Southwest. The panel is exceptionally lightweight with an aluminum frame designed for ease of installation. Each panel provides guaranteed power of 80% rated power output for 25 years and has a two year workmanship guarantee. Global demand for solar panels is growing at about 50 percent per annum, according to industry sources, with government programs in Germany, Japan, and the United States accelerating the demand. "There's a 'perfect storm' of federal tax credits, grants, state tax credits and utility incentive programs that have created a solar boom in the Southwest," said GWS Technologies President Richard Reincke. "Installing commercial solar systems makes economic sense. In Arizona, a 100-kilowatt system that costs $100,000 can receive utility incentives of 35%, a federal tax credit of 30%, accelerated depreciation tax savings, and long term electricity production rebates, which reduces a business's net investment to under a third of the original outlay," Mr. Reincke said. He added that the rapid escalation of utility rates makes commercial solar installations even more attractive. All of Arizona's regulated utility companies have been mandated by the Arizona Corporation Commission to spend more than $185 million to subsidize energy efficiency projects and renewable energy (solar power) programs in 2009, and more than $1.2 billion through 2025. Globally, higher demand for solar energy, triggered by concerns about global warming, are projected to drive an increase in the annual revenues of the global solar equipment industry to $90 Billion in 2010, with profit margins expected to accelerate even faster, pushing margins up to nearly 60 percent. In recent years China has become a major producer of both photovoltaic products and polysilicon, the main ingredient in solar panels. Share This Article With Planet Earth
Related Links GWS Technologies All About Solar Energy at SolarDaily.com
California's First Utility-Scale PV Solar Farm Breaks GroundMendota CA (SPX) Aug 31, 2009 Cleantech America has broken ground on California's first utility-scale photovoltaic solar project to be approved under the state's Renewables Portfolio Standard (RPS) program. Named CalRENEW-1, the solar farm is located in the City of Mendota in California's Central Valley and will provide 5 megawatts of emission-free solar electricity to PG and E under a long-term power purchase agreement. ... read more |
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