Disclosed is a unique compressor assembly used with remote refrigeration systems. The refrigeration system has a housing which encloses a compressor and the condenser assembly. The condenser assembly comprises a plurality of modular panel elements mounted in a V-shaped configuration with the apex of the V-shaped panel configuration being near the bottom of the housing and the mouth of the V-shaped panel configuration pointing upwardly towards the top of the housing. An exhaust fan is in the top of the housing overlying the mouth of the V-shaped panel configuration.