Interservice Uzunovi to Install 1 MW Solyndra Project in Bulgaria

SOFIA, Bulgaria--(BUSINESS WIRE)--Solyndra LLC, a manufacturer of cylindrical photovoltaic (PV) systems for large commercial rooftops, and Interservice Uzunovi plc solar division, a project management affiliate of Interservice Uzunovi plc, today announced the signing of an engineering, procurement and construction (EPC) agreement for a 1 MWp Solyndra installation on the rooftops of Biomet Co. Ltd., a leading Bulgarian logistics company in Sevlievo, Bulgaria. The project highlights the continued adoption of Solyndra’s rooftop solar PV systems in Bulgaria and in South Eastern Europe.

“We were looking for a solution that was designed to partner with the roof, and Solyndra’s performance on flat rooftops combined with the lightweight, non-penetrating design proved to be the ideal choice.”

The installation consists of approximately 6,000 Solyndra solar panels, which will produce over 30,000 MWh of electricity. This will reduce CO2 emissions by more than 140,000 tons over the next 25 years - the equivalent of powering 500 households according to the EPA carbon calculator. The installation is planned to be connected to the grid by mid 2011.

“Solyndra’s proven and bankable technology allowed us to complete the planning process in a very short time,” said Ralitza Uzunova, General Manager of Interservice Uzunovi. “We were looking for a solution that was designed to partner with the roof, and Solyndra’s performance on flat rooftops combined with the lightweight, non-penetrating design proved to be the ideal choice.”

“We are pleased to have been selected for this important showcase project in Bulgaria,” said Clemens Jargon, President of Solyndra International AG. “This logistics company rooftop is a perfect application for our product and demonstrates Biomet’s commitment to the environment as well as the strong government support for distributed power in the region.”

Founded in 1991, Biomet is one of the leading and most rapidly developing transport companies in Bulgaria and Europe. The company has 150 freight trucks including standard onboard trucks, mega - trailers, liquid fuel tanks, tanks for LPG deliveries, cooler trucks, and a fleet of passenger buses.

About Interservice Uznovi PLC

Krasimir Uzunov, the experienced entrepreneur founded Interservice Uzunovi PLC solar division at the beginning of 2009 following Bulgaria’s commitment to meet the requirements of the EU Directive 2001/77/EU, which promotes electricity produced from renewable energy sources in the country’s energy market. The company’s first photovoltaic project, with an installed capacity of 5MWp, is situated in Ravna Gora village, in the municipality of Avren. In accordance with the Bulgarian solar map, it is in a zone with an insolation of 4,25kWh/m2/day or 1450-1500 kWh/m2/year. The total area of land is 1 250 000 m2 of which PV modules will cover 800 000 m2. Interservice Uzunovi’s solar plant has been operational since March 2010 and sells electricity to local distributor E.ON.

About Solyndra

Solyndra is a leading global provider of solar systems for the commercial and industrial rooftop market. Headquartered in Fremont, California, Solyndra produces cylindrical thin-film modules at its state-of-the-art U.S. manufacturing facility. Solyndra’s panels are placed horizontally on the rooftop and don’t require expensive mounting or ballast. The Solyndra panels can be installed more quickly and at a lower cost than conventional systems. Able to capture direct and reflected sunlight across a 360 degree surface, Solyndra’s panels offer building owners both lower electricity costs and greater system output. Solyndra has approximately 1000 employees.