News Article
OPEL see’s solar revenue`s of $50M-$80M
OPEL International Inc. announced that its revenue outlook for the next 18 months is expected to be significantly higher.
This expectation is based on certain reasonable assumptions including the status of projects in the pipeline as well as continued quoting and request for proposal activities with three significant solar project developers. “We currently foresee solar revenues possibly approaching $50M-$80M over the next 18 months as 30-100 Megawatts (“MW”) of solar energy projects are installed,” said Michael McCoy, Chief Financial Officer of OPEL. “OPEL is definitely at a turning point and should grow dramatically in the next 12 to 18 months.”
This positive forecast in OPEL’s solar business is due to the relationships forged with Bechtel Power Corporation, ABB Ltd., EPC’s (engineering, procurement & construction) and CME Energy (an alternative energy developer) over the past year. One result of these relationships is an installation with CME Energy. CME has selected OPEL’s affiliate, OPEL Solar, Inc., to supply its panels and trackers for a 30 MW installation to be located in the Midwestern region of the U.S. The projects in which OPEL is currently involved will drive revenue growth from the second half of 2010 through 2011. This revenue outlook excludes the revenue potential of OPEL’s affiliate, ODIS Inc. Additional updates on these and any other developments will be announces on as they develop.
