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SunPower grows presence in China with second joint venture

Posted: 03 Nov 2014 ?? ?Print Version ?Bookmark and Share

Keywords:Sichuan Shengtian? solar? China?

SunPower Corp. expands its influence in China with a $20 million investment in a second joint venture that will construct at least 3GW of solar plants in China's Sichuan province using high-energy, low-concentration photovoltaic technology (LCPV).

The U.S.-based solar systems manufacturer will hold a 4.6 per cent ownership stake in the venture, Sichuan Shengtian New Energy Development Co. Ltd. The rest of the stake will be divided amongst co-investors Tianjin Zhonghuan Semiconductor, Sichuan Development Holding, Leshan Electric Power and Tianjin Tsinlien Investment Holding.

"In a short period of time, SunPower has begun to tap into China's tremendous, growing market, where our leading technology is well suited to the environment and is in demand," said Tom Werner, SunPower president and CEO, following an agreement signing ceremony in Chengdu. "Once again, this new joint venture brings together the strength and expertise of each partner to achieve a common goal of providing clean solar energy to the people of China."

[See also: Solar capital spending to hit $3.8B in 2014]

SunPower signed an agreement to form the Huaxia CPV (Inner Mongolia) Power Co., Ltd. joint venture in December 2012 with Tianjin Zhonghuan Semiconductor, Inner Mongolia Power and Hohhot Jinqiao City Development Company.


SunPower has investments in two solar joint ventures in China. (Source: SunPower)

To date, a 300MW C7 cell receiver manufacturing facility has been constructed in the Jinqiao Development Zone, Hohhot, Inner Mongolia, and three 50MW production lines are now in operation in connection with the Huaxia joint venture.

The LCPV technology combines single-axis tracking technology with rows of parabolic mirrors that reflect light onto solar cells. The mirrors reduce the number of cells required to generate electricity, lowering the levelized cost of energy.

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