Sunpreme deploys 2.6 MW of High Performance Solar Panels with Essex Capital Partners, and completes 90 days' performance milestone - becoming one of the largest commercial PV installations in the State of Vermont

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Feb 25, 2015, 02:30 ET

SUNNYVALE, Calif., Feb. 25, 2015 /PRNewswire/ -- Essex Capital Partners, a Massachusetts based developer of utility scale solar projects, and Sunpreme Inc., a US-based solar photovoltaic company that designs and manufactures its own cells and panels, are pleased to announce the completion of 90 day post commissioning of the 2.6 megawatt ground mount solar system developed by Essex Capital (through its subsidiary, Barton Solar), located in Barton, Vermont. The system is one of the largest commercial Solar PV installations in Vermont and will generate 3,400,000 kWh of clean, emission free electricity annually – enough energy to serve over 1,500 homes, while providing a centerpiece to the holistic approach to environmental stewardship.

Despite heavy snow cover on a typical winter day in Vermont, Sunpreme panels are able to generate up to over 900 KWhr of energy per day, vs Zero output from a conventional installation. Sunpreme's Bi-facial panels pick up reflected and diffuse light on the exposed back side and turn it into electricity. Moreover, the heat generated during this process helps melt the snow on the front of the frameless panels and speed up their removal.

Sunpreme's highly reliable Bi-facial panels are ground mounted, designed to maximize energy production, and are ideal for extreme and challenging environmental conditions. The solar panels installed are 7,616 Maxima GxB340 and GxB350, 72 Cell with the bi-facial advantage. These tempered double glass, frameless panels need no grounding, are very easy to install, and are UL and IEC certified. "We selected Sunpreme solar panels because of the innovative technology, their proven product reliability, an excellent value, and technical solution. Sunpreme has demonstrated that it is a reliable partner with strong technical collaboration and professional customer support," said Bob Grant, President and CEO of Essex Capital.

"We are delighted to have partnered with Essex Capital on this challenging project in such a beautiful Vermont location. Our high output Bi-facial panels with higher AC output and lower temperature coefficient compete favorably against the best of the conventional product in both LCOE and low-light energy output. It demonstrates Sunpreme's capability to deliver total integrated PV solution incorporating innovative Photo-Voltaic Cells derived from our Hybrid Cell Technology (HCT) platform," said Dr. Ashok K. Sinha, Chairman and CEO of Sunpreme. "Through this project and many others, we continue to deliver best designed panels for ruggedness, aesthetics, and highest available cost effectiveness thereby maximizing our customers' IRR," added Sinha.

"We are privileged to have partnered with Barton Solar and achieve this critical performance milestone in collaboration with them. Our business penetration into Utility Power Plant supports our market diversification strategy, and we are proud to deploy advanced SmartSilicon® HCT solar panels at this site that will address their energy needs with the most cost effective solar electricity solution for the prestigious State of Vermont. These Bi-facial panels absorb light from both sides increasing energy yield (kWh) per kWp further," said Surinder S. Bedi, Executive Vice President for Market Development, Systems Design and Quality at Sunpreme. "Additionally, these solar panels have already been tested and certified to withstand the most challenging environmental solutions ranging from extreme hot to extreme cold, snow load, hail stones, and coupled with one of the best power warranty in the industry. Our clients depend on reliable solar system, and by focusing on advanced technology we are able to demonstrate high energy output with bi-facial advantage, lower LCOE, and robust reliability – for the next 25 years and more. It's a real winning combination, and we look forward in continuing to provide best-in-class customer experience," added Bedi.

About ESSEX CAPITAL PARTNERS

Essex Capital Partners (ECP) was founded in 1995, and since its inception, has owned, developed and operated a portfolio of commercial properties in the greater New England region. ECP handles all facets of solar development including site selection, design, permitting, construction management, equipment procurement, environmental monitoring, financing, and property management. Typically, ECP manages a comprehensive team of related professionals (in legal, engineering, construction, environmental, and capital markets) as required for each transaction, from inception through project completion. To connect with Essex, please visit: www.essexcapitalpartners.com

About SUNPREME Inc.

Sunpreme is a global solar photovoltaic company that designs, develops and manufactures its proprietary SmartSilicon® Hybrid Cell Technology which delivers the best cost-performance value to clean-tech customers, worldwide. Sunpreme's higher efficiency solar cells with Bi-facial, double glass, frameless panels are designed and developed and tested in the Silicon Valley, USA, and are manufactured in China. It has deployed its solutions across the US, including Alaska, California, Massachusetts, Utah, Florida, Puerto Rico, Vermont, and in Australia, Brazil, Chile, China, Fiji Islands, India, Israel, Nigeria, the Philippines, Qatar and Saudi Arabia. To connect with Sunpreme, please visit: www.sunpreme.com.