Greentech Lead Asia: First Solar has completed an agreement with Zhenfa New
Energy Science & Technology Co. to supply 2 megawatts (MW) of First Solar’s
advanced thin-film solar modules to one of Zhenfa’s approved solar projects in
Xinjiang province in the first quarter of 2013.
The collaboration will create First Solar’s first commercial
demonstration project in China and provide a strong platform to showcase the
company’s state-of-the-art photovoltaic (PV) technology.
“This agreement marks an important step forward in First
Solar’s efforts to support China’s renewable energy goals with its advanced
solar technologies and global solar industry expertise,” said Bruce Yung,
managing director and vice president of Business Development for First Solar in
China.
“We are very happy about our partnership with First
Solar, which is providing its world-class PV technology to one of our key
projects. By sharing experience, expertise and technologies we are creating a
very strong combination. We look forward to exploring additional opportunities
to work together to generate clean, renewable energy for China and the world,”
said Zha Zhengfa, chairman of Zhenfa.
“An important element of First Solar’s business strategy
is to work with Chinese partners to create shared value both in China and
abroad,” Zhengfa added. “The agreement between First Solar and Zhenfa will
serve as a positive example of win-win collaboration between leading renewable
energy companies from China and the United States.”
Zhenfa New Energy Science & Technology is a leading
provider of integrated PV power generation systems in China. The company had an
installed capacity of 410 MW by the end of 2011, and plans to increase its
installed capacity to 1100 MW by March 2013.