LG And Borrego Solar collaborate on commercial solar installations
Photo courtesy of LG Electronics USA
To keep up with demand for commercial solar power projects LG Electronics USA and Borrego Solar Systems Inc. have expanded their collaboration for installation of LG’s high-efficiency solar modules to the U.S. commercial market.
Solar power is going strong in all three segments: utility, commercial and residential. According to the U.S. Solar Market Insight 2014 Year in Review published by GTM Research and the Solar Energy Industries Association (SEIA), newly installed solar photovoltaic (PV) capacity for 2104 was a record 6,201 megawatts (MW), growing 30 percent over 2013’s total. An additional 767 MW of concentrating solar power (CSP) came on-line in the same period.
Solar accounted for 32 percent of the nation’s new generating capacity in 2014, beating out both wind energy and coal for the second year in a row. Only natural gas constituted a greater share of new generating capacity.
In 2014, for the first time in history, each of the three major U.S. market segments – utility, commercial and residential – installed more than a gigawatt (GW) of PV.
The U.S. utility-scale segment broke the GW mark in 2011 and has since grown by nearly 1 GW annually. In 2014, 3.9 GW of utility-scale PV projects came on-line with another 14 GW of projects currently under contract.
The commercial segment in the U.S. also first installed more than 1 GW in 2011 but has not shared the same success as the utility-scale segment. In 2014, the commercial segment installed just over 1 GW, down 6 percent from 2013.
To serve the growing commercial market, LG will supply 135 megawatts (MW) of its award-winning LG Mono X NeON modules, including all-new 60- and 72-cell NeON 2 modules, through 2016 to Borrego Solar, which will sell to the commercial sector as an LG-preferred strategic commercial integrator in North America.
The collaboration aligns with the market’s maturation and the growing deployment of higher efficiency products for the commercial market. This agreement will enable LG to supply even more of its high-efficiency modules to its North American commercial customers. The expanded agreement also adds a greater number of leading LG products to Borrego Solar’s portfolio.
Aaron Hall, President of Borrego Solar Systems, said, “In these turbulent times Borrego Solar is able to provide options to our customers that leverage LG’s financial and brand strengths, while providing a superior technology that outperforms the competition. We’re pleased LG has reaffirmed its confidence in Borrego Solar to deploy its leading products in the U.S. commercial market.”
Building on the success of its 60-cell modules, LG will introduce its first 72-cell Mono X NeON modules this fall. In addition to the advent of new 360- and 365-watt 72-cell modules, LG’s more efficient cell technology now enables LG modules to reach up to 18.4 percent and 18.6 percent module efficiency, respectively, compared to other modules that deliver an efficiency of approximately 16 percent.
Hall said the new LG cells not only pack more power into the same physical space, but they also improve upon an already superior performing technology in terms of kilowatt hours produced per watt installed. In other words, 1 MW of LG modules will produce more power than 1 MW of most other modules available on the market. As a result of the cell’s superior performance with lower allowable annual degradation amounts, LG is offering a 12-year product warranty.
“LG and Borrego Solar share a common vision for serving the ever-growing U.S. commercial solar market,” said Ellen Kim, senior vice president of LG Electronics USA’s Energy Solutions business. “We expect strong results from the combination of LG’s leading innovations and Borrego Solar’s expertise as a leading commercial integrator.”
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Companies: LG HVAC