Supplying World-Leading Solar Concentrator Photovoltaic Components to Spanish Market

EMCORE Corporation, a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets, announced today that it will supply its world-leading solar Concentrator Photovoltaic (CPV) components and systems to the Spanish market through several agreements.

In November 2007, EMCORE was awarded a 300-kilowatt (kW) CPV system contract by Spain's Institute of Concentrator Photovoltaics Systems (ISFOC). Established in 2006, the ISFOC is to be the center of reference on the power, reliability, and productivity of commercial CPV systems. EMCORE will have its CPV systems installed in Castilla-La Mancha, Spain by December 2008.

In January 2008, EMCORE reached an agreement to construct an 850-kW solar power park in Extremadura, Spain. EMCORE will be utilizing its CPV solar power system and provide a turn-key solution with a scope of work including engineering, procurement, and construction (EPC). This project will be completed before July 2008 in order to take advantage of the current high feed-in tariff. The success of this project will help EMCORE to build heritage as an EPC contractor in Spain.

Already recognized as a leading supplier of CPV solar cell and receiver components, EMCORE recently received a purchase order for one million CPV components from a prominent CPV system integrator. This order is expected to be completed by March 2009 with CPV products being deployed in projects within the Spanish market.

"These purchase orders from various customers mark the acceptance of our CPV technology and product solutions as high-performance and low-cost solar power system in the Spanish market, and represent a success for our business development efforts in Spain. We expect additional and larger contracts from Spain once the new feed-in tariff settles," said Dr. Hong Hou, President and Chief Operating Officer of EMCORE. "The CPV solution is still in the early growth stages. As the world's primary supplier of CPV components, we expect to grow our CPV business dramatically as the market is more developed and deployed," added Dr. Hou.

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