Photovoltaic array integrator Sunday Energy Ltd. has signed a cooperation agreement with France's Schneider Electric SA (Euronext: FP) to build up to 200 megawatts of mid-sized photovoltaic arrays in Israel. Schneider Electric Israel Ltd. will carry out the projects.
Sunday's agreement with Schneider is in line with the regulation requiring Israeli companies to work with experienced foreign companies in the field for the installation of mid-sized photovoltaic arrays.
The work will be performed by Schneider's local branch, Schneider Electric Israel.
Schneider Electric has 100,000 employees worldwide and had over €15 billion revenue in 2009. It was involved in the construction of 200 megawatts of photovoltaic arrays worldwide last year.
Sunday CEO Kobi Dinar said, "The collaboration with Schneider Electric is part of Sunday's commitment to lead the solar energy vision in Israel through collaborations with global leaders."
Published by Globes [online], Israel business news - www.globes-online.com - on March 16, 2010
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