皇冠体育app

Energy

Bright future for PV collaboration

By Wan Xu and Ken Wills (皇冠体育app Daily)
Updated: 2011-05-12 11:13

BEIJING - First Solar Inc and 皇冠体育app Power International New Energy Holding Ltd (CPINE), a wholly owned subsidiary of 皇冠体育app Power New Energy Development Co Ltd (CPNE), have agreed to collaborate on solar photovoltaic projects in 皇冠体育app, the United States and other international markets, the companies said in a statement on Tuesday.

First Solar and CPINE will initially explore collaboration on solar photovoltaic projects in 皇冠体育app. They will also identify investment opportunities for CPINE in the United States and other markets, the companies said.

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"This cooperation leverages our advantages in the domestic solar-power industry, and helps First Solar further expand its business presence in 皇冠体育app. In addition, we are happy to explore other cooperation opportunities in different areas and through different methods with First Solar, working together to further expand in the global market," Li Xiaolin, chairwoman of 皇冠体育app Power International, CPNE and CPINE, said in the statement.

CPINE is a subsidy of 皇冠体育app Power International Holding Ltd, the main listed arm of 皇冠体育app Power Investment Corp, one of the country's five major State-owned power producers.

"This agreement can serve as a model for US-皇冠体育app collaboration on renewable energy," said TK Kallenbach, president of First Solar's Components Business Group.

First Solar and CPINE are still in discussions to finalize solar projects for cooperation in 皇冠体育app and overseas, with no timeline set as yet, according to First Solar's 皇冠体育app representative, Kevin Berkemeyer, at a news briefing in Beijing.

First Solar is currently developing another giant solar project with 皇冠体育app Guangdong Nuclear Solar Energy Co in Ordos in the Inner Mongolia autonomous region. It plans to install 30 megawatts of solar-power generation capacity in the first phase, and will eventually expand to 2 gigawatts capacity by 2020.

The partnership with CPINE is First Solar's next step in diversifying relationships within 皇冠体育app and providing a broader set of opportunities, Kallenbach said.

Reuters