EMCORE to Supply 20 Megawatts of Concentrating Solar Photovoltaic (CPV) Systems For Projects In South Korea

December 17, 2007 – Vol. 12 No.39

EMCORE to Supply 20 Megawatts of Concentrating Solar Photovoltaic (CPV) Systems For Projects In South Korea.

The company has received an initial purchase order for 5.7 MW of CPV systems, well as a letter of intent for follow-on projects of 14.3 MW, expected to be released within the next 6 months. The purchase order and letter of intent were with DI Semicon, a semiconductor packaging company in Seoul, Korea.

EMCORE's CPV systems utilize high-efficiency compound semiconductor-based multi-junction solar cells that operate with 500x concentration of sunlight to provide a lower cost-per-watt than competing technologies. EMCORE’S CPV avoids the supply constraint that currently exists with silicon-based solar modules.

The company’s triple-junction high-efficiency solar cells for terrestrial concentrated photovoltaic applications operate at up to 37 percent efficiency under concentrated illumination.

In conjunction with the initial supply order, EMCORE also signed an agreement that will lead to the formation of a joint venture with DI Semicon, EMCORE and other parties. The joint venture will manufacture CPV systems in Korea for EMCORE, including systems for the 14.3 MW follow-on projects and involve a minimum purchase commitment of 15 MW annually of EMCORE CPV systems to be deployed in projects in South Korea.

EMCORE Corporation is a provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. offering concentrating photovoltaic (CPV) systems for utility scale solar applications using high-efficiency gallium arsenide (GaAs) solar cells.

For DI Semicon Co., Ltd solar energy is a new business segment. (12/14/07)

Links:

EMCORE
http://www.emcore.com

DI Semicon
http://www.disemi.co.kr

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes