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SolFocus-Inspira Deal Funds Solar Tracker Innovation

Inspira has developed the industry's most precise and stable tracker controllers, devices that orient flat-plate and concentrated photovoltaic panels toward the sun.
by Staff Writers
Mountain View CA (SPX) Aug 02, 2007
SolFocus has announced that it has acquired Inspira, S.L., a privately owned solar tracker company based in Madrid, Spain. Inspira will operate as a wholly owned subsidiary of SolFocus and will continue to market products under its own name. With established global supply chain management and low-cost manufacturing facilities, SolFocus will enable Inspira to drive down the cost of solar trackers.

"We believe this deal, which will provide high-accuracy trackers at a reasonable cost, will be a key element in enabling the anticipated growth of the solar industry," said Ignacio Luque-Heredia, founder of Inspira.

Inspira has developed the industry's most precise and stable tracker controllers, devices that orient flat-plate and concentrated photovoltaic panels toward the sun. Not only is tracking a key element in CPV systems, flat-plate tracking has also become widely recognized for providing dramatic increases in energy output increasing yield by up to 40%. With solar's extensive growth into industrial and power-field applications, the importance of dependable, low-cost trackers-available in high volumes-is of great importance. Because the solar industry relies on trackers to maximize solar energy production, it is critical to ensure that the rapidly expanding industry has the cost structure and volume support it needs to become a mainstream source for providing electricity in the most reliable manner.

"As one of Inspira's major customers, we have first-hand experience with its tracking technology," said Gary D. Conley, SolFocus CEO. "SolFocus will provide the resources to move Inspira to low-cost, volume manufacturing with a strong emphasis on reliability to provide the best possible customer value. From an industry standpoint, this move is a major step forward in reducing the cost of CPV and ultimately achieving grid parity for solar."

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Acciona Energy Closes Long-Term Financing On Nevada Solar One
Chicago (SPX) Aug 01, 2007
Acciona Energy has announced it has closed a $266 million long-term project financing for Nevada Solar One, its 64-megawatt Concentrated Solar Power (CSP) plant, the largest solar power plant built in the world in 16 years. The deal represents the first leveraged lease structured financing for a CSP plant in the United States. The leveraged lease structure was financed by debt participants Banco Santander and BBVA, headquartered in Spain, and CAIXA Geral de Depositos, headquartered in Portugal, and equity investors JPMorgan Capital Corporation, Northern Trust and Wells Fargo.

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