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Fremont-based Solyndra signs Belgium solar deal

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That’s one way to go international: Fremont, Calif.-based solar company Solyndra Inc. has some of its cylindrical photovoltaic systems installed on rooftop sites in Belgium, the company said today.

The project, involving 1.928 megawatt-peak of generation capability on 10 rooftops owned by a large food retailer in 10 cities, was completed in just two months and is the largest project ever for Solyndra.

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The power generated will be sold to local utilities.

The company is partnering with German reseller USE Projects, known officially as Umwelt-Sonne-Energie GmbH. Solyndra signed a long-term sales agreement with USE in July worth as much as $238 million through 2013, pushing the California business’ contractual backlog past $2 billion.

Solar panels used through the agreement are manufactured in Fremont and Milpitas.

Solyndra filed documents in December to go public and said it intends to raise $300 million in a public stock offering. The 4-year-old company said it pulls in revenue upward of $174 million and in March received a $535 million loan guarantee from the Department of Energy for a new California manufacturing facility.

-- Tiffany Hsu


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