In more news about ECD (Energy Conversion Devices), the company has announced it has signed an agreement with Endesa in Spain to install 3.0 MWp of UNI-SOLAR photovoltaic (PV) laminates on the rooftops of two Coca-Cola Company buildings in Seville. This is the second announcement of this sort in as many months. Their other project, in Ontario, is expected to be completed later this year. Read my previous post for details on that.

In this project the company is again operating through United Solar Ovonic, a subsidiary of ECD. In this manner, they will oversee the construction of the rooftop system. In this project, the materials will consist of UNI-SOLAR laminates bonded to the Giscosa waterproofing system and applied directly on the roofs. When finished, the system will be owned and managed by Endesa. Construction will begin this quarter, with completion expected in the first half of calendar 2010.

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Energy Conversion Devices and Enfinity are going to collaborate on a 10MW portfolio of rooftop solar installations in Ontario, Canada. They made the announcement in February and they are currently developing the plan. ECD (Energy Conversion Devices) will provide it’s new PowerTilt product and will combine this with UNI-SOLAR photovoltaic laminates. They will present this through United Solar Ovonic, which is a wholly owned subsidiary of ECD. On it’s part, Enfinity will lead the rooftop acquisition and will arrange construction debt and take-out equity financing for the projects. Enfinity is based in Ottawa. After completion of the project and it is in commercial operation, the projects portfolio will be sold to the permanent equity owners. This might be a sweet deal.

ECD’s PowerTilt product can be installed on any roof type, is very light weight and has higher energy production. This project will be on many different roofing materials so this makes the PowerTilt product the best choice. On the business end, ECD will also provide development equity during the construction phase of the projects.

This project is being done under Ontarios’ new feed-in-tariff program. The companies expect to complete construction of approximately 10MW of projects during calendar 2010.

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