GM to have world's largest rooftop solar system

Solar energy product maker Energy Conversion Devices Inc. said Tuesday it will supply solar cell laminates to General Motors Corp. for the world's largest rooftop power generation system.

Financial terms of the deal were not disclosed.

The company's UNI-Solar thin-film flexible solar laminates will be installed this fall at a 2 million-square foot car plant in Figueruelas, Zaragoza, Spain.

The rooftop system will have about 85,000 solar panels and peak capacity of 12 megawatts _ enough electricity to power 4,575 homes, GM said.

Through its wholly owned subsidiary, United Solar Ovonic LLC, Energy Conversion Devices will supply the solar laminates, which are flexible sheets of solar cells covered in a plastic-like material.

GM will lease its roof space to Clairvoyant Energy SL and Veolia Environnement. The companies will build, own and operate the rooftop solar installation.

The Zaragoza plant builds Opel cars for the European marketplace.

(This version CORRECTS "2,000" to "2 million" in 3rd-graf)

Comment (0)
Recommended (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 680026, ~/articles/articlehandler.aspx, 9/5/2008 10:34:47 AM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

.

Related Tickers

Energy Conversion Devices, Inc.

ENER Down! $64.25 -0.39 (-0.60%) 10:15 AM
CAPS Rating:
813 Outperforms
81 Underperforms
Rate This Stock

Major Indices

S&P 5001,226.56 -0.83%
DJIA11,097.12 -0.81%
RSL 2K712.13 -0.90%
NASD2,244.71 -0.63%
Updated: 10:19:37 AM
Sponsored by:

The Motley Poll

Where will the U.S. dollar go from here?

Sponsored by: