breakthrough pv systems for commercial rooftops · 10 solyndra confidential real rooftop example:...

Solyndra Confidential

Breakthrough PV Systems for Commercial Rooftops

May 2009

Solyndra Confidential22

• $1.7 billion customer contracts • Commercially shipping since July 08• >30 commercial projects deployed• Ramping Fab #1: 110MW• Launching Fab #2: 500 MWp

Field Performance & Bankability

Field Field Performance Performance & Bankability& Bankability

Commercial OperationCommercial Commercial OperationOperation

PV Systems Optimized for Commercial Roofs

PV Systems PV Systems Optimized for Optimized for Commercial Commercial RoofsRoofs

• Proprietary cylindrical module design• High electricity output per rooftop• Fast, easy, low-cost installation• Light-weight, non-penetrating• Low cost per kilowatt hour

• IEC & UL certification plus local listings• Approved for bank financing• Warranty: 5 Yr. product / 25 Yr.

performance • Energy yield models match field data

from multiple international sites• Independent energy yield models for

project financing• Watertight package for thin film CIGS

Solyndra, Inc.We manufacture photovoltaic systems for the commercial rooftop market


Market: Commercial/Industrial/Institutional Rooftops

• >3 billion m2 of flat commercial rooftop area for PV in US alone: 150 GWp

• >100 million m2 of reflective “cool roofs” installed annually in US: 5 GWp/yr

• Distributed generation: retail or wholesale


LESKO\Ratings Agency Pres\S and P\03 Presentation to Solyndra.ppt

Conventional Photovoltaic System

Higher Solar Electricity Output Per Rooftop at Lower Cost of Electricity


Solyndra ProductCylindrical Modules in Panel, with Mounts Included

Panel: 40 cylindrical modules in frameProduct: Panel + mounts

Cylindrical thin film cells in glass modules


Cylindrical Module Enhances Light Collection

• Direct light: samecross-section at all angles

• Diffuse light: enhanced collection from all angles

• Reflected light: from the roof

High energy yield in horizontal orientation


Collection of Sunlight Reflected from Roof


Benefits of Tubular Package

• 1.5X concentration–Optical coupling agent between

tubes acts as a lens to concentrate light from any direction

–Less PV material required; reduces manufacturing cost

• Hermetic Seal –Watertight package isolates CIGS

thin film materials from moisture–Eliminates major issue for CIGS

and ensures long-term stability


Additional Benefits of Cylindrical Modules & Panel Structure

•Minimal building orientation impact on kWh production–Only ~1% less energy if 45 deg

from N-S tube orientation–No impact on rooftop coverage

•Further increases to kWh production–Panels run cooler due to convective

cooling–Less impact of soiling: ~ ½ that of

conventional panels


Real Rooftop Example: Building Alignment Not N-S>80% More Power and Energy Production

1657.9 kWp Solyndra 907.3 kWp C-Si

c-Si panels oriented South, off building axis to maximize efficiency

Solyndra panels can be oriented with building axis to maximize roof coverage without sacrificing efficiency


Simple, Low Cost InstallationNo Rooftop Attachments or Ballast Required Up to 208 km/h

Conventional PV

Solyndra



Packaged System: Panel & Simple Mounting Hardware

• Non-penetrating and self-ballasted • Up to 3x faster installation• Up to 2x lower installation cost

vs.

Solyndra Conventional PVPenetrating Non/Minimally-Penetrating

or



Fast, Easy, Economic Installation: Savings up to 50%

Connect Mounting Hardware Easy Panel Transport

Install ClipPlace, Plug In DC Connectors and Ground Strap


Deployed Projects

• Validation of –Installation time and cost savings–kWh/Wp performance vs

–Energy yield model–Conventional panels

• >30 international sites in different climates & conditions

–US: California, Florida, Arizona, Pennsylvania, Indiana, Maryland, Utah, New Jersey

–Germany–Belgium–France–Spain–Singapore–Abu Dhabi


50kW Installation, Solyndra Headquarters


50kW Commercial Installation, Utah, US

System installed in 1 day


Commercial Installations

25kW Hattershiem, Germany

20kW Stuttgart, Germany 21kW Wall Township, NJ

38kW S. Plainfield, NJ


132 kW Commercial Installation: California, US

System installed in 3.5 Days


Spain, 480 kWp Commercial Installation


Predictable Energy Yield ForecastingIndependent & Solyndra Models Matched with Field Data

Independent Expert Energy Models

30 Yr. Weather Data

Roof Aging Studies>30 international sites

Theory

Field Data

Bankable Energy Forecasts For

Project Financing


Commitment to Reliability and Quality• Solyndra products are certified to IEC61646 / 61730 requirements (Europe)

and UL 1703 requirements (North America).• All European shipped products have the CE Mark.

Certification Status

Power Rating(Watts/Panel)

UL 1703CEC ListingIEC 61730IEC 61646IEC 61730-2CE MarkFire Class C

150 Complete157 Complete165 Complete173 Complete182 Complete191 Complete


Capacity Expansion: Fab 1Fremont, California

• Ramping to 110 MWp per year• 300,000 ft2 complex, >500 employees• Products UL & IEC certified 5-08• Commercial shipments started 7-08


Highly Automated Factory

• Rapid replication

• Higher yields

• Extensive in-line testing & data tracking


Capacity Expansion: Fab 2Fremont, California

• 500 MWp per year• 30 acre site• Groundbreaking 2009


March 20, 2009 Solyndra Offered $535 Million Loan Guarantee by the U.S. Department of Energy Fremont, CA,– Solyndra, Inc. announced today that it is the first company to receive an offer for a U.S. Department of Energy (DOE) loan guarantee under Title XVII of the Energy Policy Act of 2005. Solyndra, a Fremont, California-based manufacturer of innovative cylindrical photovoltaic systems, will use the proceeds of a $535 million loan from the U.S. Treasury’s Federal Financing Bank to expand its solar panel manufacturing capacity in California.

$535M DOE Loan Guarantee For Fab 2

•Access to Growth Capital •Accelerated Manufacturing Scale •Validation of Product Quality

Solyndra at the White House

Washington Post, 3/24/09


Investors >$600M equity raised to date from outstanding investors to fund our growth & ramp

Argonaut Private Equity


Channels & Customers$1.7B in Announced Contracts

•PV Integrators–Lower installation cost–More revenue per installation–Less time per installation: higher

throughput & lower overhead

•Roofing Companies–Lower cost when roof is installed at the

same time as PV–Synergistic: reflected light enhances PV

generation, PV makes Cool Roof “cooler”–Solyndra PV simple for roofers to install


Solyndra Delivers…A System Optimized for Commercial RooftopsA System Optimized for Commercial RooftopsA System Optimized for Commercial Rooftops

• Higher annual electricity output per rooftop• Higher annual electricity output per rooftop

• Fast, easy, economic installation • Fast, easy, economic installation

• Light-weight & non-penetrating system • Light-weight & non-penetrating system

• Bankable kWh production• Bankable kWh production

• Low total system cost and COE• Low total system cost and COE

breakthrough pv systems for commercial rooftops · 10 solyndra confidential real rooftop example:...

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