Group OPDE Signs Agreement With the Government of Durango for the Construction of Solar Photovoltaic Farms Totalling 45 MW

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The Spanish solar photovoltaic multinational has recently signed with the Governor of the Mexican state of Durango, the partnership agreement which includes the construction, during the period 2010-2013, of solar photovoltaic plants totalling an output of 45 MW. The first -1 MW power- solar power plant will be built at the Logistics and Industrial Park in Durango (CLIP) and will be fully operational in 2010. The agreement also envisages the establishment in the area within three years of new branches of the companies that make up the OPDE group: OPDE, MECASOLAR and PROINSO.

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The Governor of the State of Durango (Mexico) and President of the National Conference of Governors CONAGO, Ismael Hernández Deras, and representatives of the Board of OPDE, Alejandro Chávez and Gustavo Carrero, have signed a collaboration agreement whereby the Spanish solar photovoltaic multinational is committed to study, plan, build and launch during the period 2010-2013, solar farms that will reach a total capacity of 45 MW.

In addition to the Governor of Durango, the signing ceremony was also attended by Esteban G. Rosas; the Under Secretary for Economic Development in Durango, Ruben Ontiveros; The General Coordinator of the Promoter for Strategic Projects in Durango and Theodore Krap; Adviser for Strategic Projects of the Government of Durango.

The first of the 1 MW photovoltaic solar farms that OPDE will build in the area will be located in the Logistics and Industrial Park in Durango (CLIP) and will be fully operational in 2010.

The agreement between Grupo OPDE and the State of Durango also covers the opening of new branches of the companies OPDE, PROINSO, MECASOLAR, in this Mexican region within approximately three years. Durango is one of the 32 federal states of the Republic of Mexico. It is located north of the country and has a population of 1.5 million inhabitants. Noteworthy are the excellent state communications, thanks to heavy investment in infrastructure, enabling communication with the Pacific and Atlantic.

During the visit to Durango and Mexico D.F. Executives from Grupo OPDE also met with Hector Alfonso Díez Rubio, President of the Business Coordinating Council of the State of Durango, with representatives of BANOBRAS (responsible for the financing of strategic projects in Mexico) and the CRE (entity responsible for energy regulation in Mexico).

Both this visit and the signing of the partnership which was the result, among other measures, of the visit by the Governor to company headquarters in Navarra last year and where he had the occasion to ascertain firsthand the history, skills and experience of the Spanish multinational, are held in very high esteem by Grupo OPDE.

With this agreement, the Spanish Group reinforces its presence on the American continent, where it already has its own delegation in Sacramento, California (USA) and where various engineering and supply projects are underway. Greece, Italy, Germany and France are other key countries in OPDE´s commitment to internationalization.

Corporate Information. Group OPDE

OPDE (http://www.opde.net) comprises the companies OPDE, MECASOLAR and PROINSO. The first is specialized in the global promotion and construction of solar photovoltaic plants. MECASOLAR focuses its activity on the design and manufacture of solar trackers and fixed structures. PROINSO is dedicated to providing REC and TRINA modules, fixed structures and tracking, as well as SMA inverters, becoming the first international distributor of these leading global brands in the sector, with over 100 MW of modules and 140 MW of inverters supplied.

OPDE currently employs 300 people. The plants promoted and built directly by OPDE in the 2004-2009 period, have together a total capacity of 115 MW, producing an equivalent annual energy consumption of 75,466 households (225 GWh).

The OPDE Group companies in 2008 exceeded €560 million of consolidated turnover and, currently, the solar photovoltaic company is strategically committed to internationalization. It has tracker factories in the U.S. (California), Greece and Italy, countries where it has it own companies.

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GUSTAVO CARRERO
OPDE Group
00 34 902 02 69 31
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