Clean Power Lightway Solar Executes 62.8 MW of Solar

Published on October 29th, 2012 | by Joshua S Hill

1

Lightway Solar America Executes 62.8 MW of Solar Power Project Contract

October 29th, 2012 by  

 
Lightway Solar America announced last week the execution of 62.8 Megawatts of contracts through their project development subsidiary, Lightway Solar America Project Development.

Lightway Solar Executes 62.8 MW of Solar

According to Lightway, the company “has implemented a sales model in which 11.9 MW of solar panels will be invested into these projects in exchange for equity positions with a commitment from their project partners to purchase the remaining 50.9 MW through executed supply agreements.”

The project pipeline consists of 11 different solar project development partners with a pipeline of projects ranging from 250 kW to 4.8 MW spread throughout New Jersey, Massachusetts, New York, North Carolina, Arizona, and California. With construction expected to begin immediately, Lightway is expecting 21 MW to be installed in Q4 of 2012 and the remaining 42 MW to be installed throughout 2013.
 


 
“The earlier trends of integrating upstream have been successful in undersupplied markets, however, we recognize that in today’s market of oversupply and project financing difficulties, moving further downstream into project ownership will be a key factor towards our future growth and sustainability,” William Sien, President of LWSA PD, said. “Although our primary business model and expertise will remain in solar module manufacturing, we foresee project development and ownership of photovoltaic projects as key drivers to supplement our solar module sales throughout the North America region.”

“We are excited about the project pipeline, whose strong commercial and residential presence in US provides us with an excellent opportunity as we operate our business in the U.S,” added Wei Na, Global Sales and Marketing VP of LGNE, parent company of LSA. “We are confident our high-quality solar modules and customer service will contribute to the growth of the solar industry as a whole.”

Source: Lightway Solar America via PR Newswire
Image Source: N A I T (some rights reserved)
 
 
Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”
 
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.

 

Tags: , ,


About the Author

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.



  • dominickpaul

    Only science with save earth and mankind Josh,

Back to Top ↑
  • Advertisements

  • Top Posts & Pages

  • Cool Cleantech Events

    Low Voltage Electrification Event, April 25-27. Detroit, Michigan (US)
    Delve deep into the benefits and challenges associated with EV power supply.

    Offshore Wind Market Development USA, May 11-12, Boston, Massachusetts (US)
    Network and establish your business in one of North America’s largest energy industries.

    Energy Storage USA, June 15-16, San Diego, California (US)
    Only event in the United States focused exclusively on the commercialization of storage.

    More details are on: Cleantech Events.

  • Advertisement

  • CleanTechnica Electric Car Report

    Electric Cars Early Adopters First Followers
  • Tesla Model 3 Review by EVANNEX

    Tesla Model 3 Review from EVANNEX
  • Tesla Model 3 Exclusive Video

    Tesla Model 3 Video
  • Tesla Model 3 Exclusive Pictures

    Tesla Model 3 Video
  • Tesla Model X Review #1 (Video)

    Tesla Model X Review from new owners Zach Shahan
  • Tesla Model X Review #2 (Pictures)

    Tesla Model X Review from Kyle Field
  • Tesla Model S Long-Term Review

    Tesla Model S Long Term Review from Kyle Field
  • Nissan LEAF Long-Term Review

    Nissan LEAF Long Term Review from Cynthia Shahan
  • Interview with Michael Liebreich

    Interview with Michael Liebreich
  • Interview with Akon (Teslas & Solar)

    Interview with Akon Tesla Model S Tesla Model X Solar Power Africa
  • Interview with Dr Nawal Al-Hosany

    Interview with Dr Nawal Al-Hosany
  • Interview with Gro Brundtland

    Gro Brundtland
  • Interview with President of Iceland

    President of Iceland Ólafur Ragnar Grímsson
  • Interview with Nick Sampson

    Faraday Future VP Nick Sampson
  • Interview with Dipal Barua

    Dipal Barua 1st ZFEP WInner
  • Interview with Jonathon Porritt

    Jonathon Porritt
  • Interview with Clint Wilder

    Interview with Clint Wilder
  • Interviews with Solar Impulse Pilots

    Bertrand Piccard Andre Borschberg
  • Check out more CleanTechnica Videos.

  • Join The Solar Revolution!

    Edison-solar-energy solar-energy-spill-nice-day
  • Cost of Solar Panels

    cost-of-solar-down
  • Search the IM Network


Shares