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Canada,United States : OPEL TECHNOLOGIES plans to sell SOLAR ASSETS.

Most of the solar assets is planned to be sold by Canada-based OPEL Technologies through its subsidiary OPEL Solar to Northern States Metals (NSM) for an undisclosed amount.

OPEL's OPEL Tracker technology will also be acquired by NSM. It will increase the output of photovoltaic systems by up to 30% and will also install a complete 10kW system in less than 4 hours.

"The completion of this sale will enable OPEL to achieve its objective, announced on June 20, 2012, of divesting its Solar Division in order to focus on the POET platform technology of OPEL's ODIS Division," added OPEL Technologies president and CEO Leon Pierhal.

The company's Solar FlexRack product line will be broadened by the acquisition of solar assets from OPEL Technologies, noted Northern States Metals president and CEO Tom Meola. The OPEL's Solar Tracker also fits the kind of utility-scale projects, which is currently aimed for.

Meola added, "The OPEL Tracker technology is a proven system that is designed to increase the yield of a Photovoltaic System by up to 30 percent. It eliminates inter-row shadowing, allowing for larger systems to be installed in a smaller area."

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Publication:Mena Report
Date:Sep 3, 2012
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