SCOTTSDALE, AZ--(Marketwired - Feb 26, 2014) - Today, Centrosolar America and TSMC Solar, a subsidiary of TSMC, the world's first and largest semiconductor foundry, announce an agreement for the deployment of TSMC Solar's CIGS solar modules across North America. The territory covered by the agreement includes solar energy markets in the United States, Canada, Mexico, Virgin Islands and Puerto Rico.
The agreement names Centrosolar America as the exclusive provider of the TSMC Solar CIGS technology in residential and commercial solar markets. TSMC Solar and Centrosolar America may also collaborate on utility-scale projects.
Centrosolar America will distribute CIGS solar modules from TSMC Solar, whose CIGS (copper, indium, gallium, selenium) technology is cost competitive with silicon based solar modules, and differentiates itself through several key attributes. Most importantly, the CIGS modules yield more kWh's per Watt installed over the life of the system due to a lower temperature coefficient, increased power rating due to the "Light Soaking effect" once exposed to light, and less power loss in shaded conditions due to the CIGS cell configuration. These high performance attributes of the CIGS modules are especially important in high temperature regions, such as the Sun Belt in the United States and in Mexico and the Caribbean. In addition, the CIGS modules have an all black, sleek appearance that is aesthetically pleasing to homeowners.
"With its heritage of manufacturing excellence and as a world leader in CIGS-based solar technology, TSMC Solar is now changing the landscape of the North American solar energy market," said Ram Akella, Centrosolar America's Managing Director. "Our robust network of installers and distributors today delivers the most cutting-edge, turn-key solutions on the market and is ideally positioned to bring TSMC Solar's new high performance CIGS technology to homeowners and commercial projects on a broad scale."
TSMC Solar, as a wholly owned subsidiary of TSMC, an NYSE listed, publicly traded company with a market cap in excess of $90 billion, brings unparalleled financial stability and 'bankability' to integrators, owners and investors.
"For Centrosolar America, this partnership with TSMC Solar means expanded opportunities in serving the larger scale commercial and utility-scale markets and new ways to provide our installers with the latest technology, products and service for their customers. It means more choices in solar for the end-users and it challenges the mainstream industry to take solar to the next level," added Akella.
"Just as TSMC has for 25 years now, TSMC Solar stands for outstanding customer service as well as advanced technology products that set new standards. With its great relationships with installers and widely recognized excellence in customer service, Centrosolar America is a natural fit for us as we bring our high-performance CIGS solar technology to North American markets," said Steve McKenery, Vice President & General Manager of TSMC Solar North America.
About Centrosolar America
Established in 2008, Centrosolar America Inc. is a specialty solar photovoltaic distribution company with headquarters in Scottsdale, AZ. The company provides a platform of products and services that enables its installer customers to grow their business. It differentiates itself by providing a full range of turnkey products and services for its installer partners. It offers technical and sales support, pre-packaged and fully integrated solar systems, warehousing and distribution, on-line portals as well as financial products. The company's national customer network at present has grown to include more than 600 installers in 43 states, representing coverage in 83% of the US market. For more information visit www.centrosolaramerica.com
About TSMC Solar
TSMC Solar Ltd. is a wholly owned subsidiary of the Taiwan Semiconductor Manufacturing Company, Inc. (