By Greentech Lead Europe: Belectric, a German developer
and constructer of ground-mounted solar power plants and roof-mounted
photovoltaic systems (EPC), and Solar Frontier, a Japanese manufacturer of CIS
thin-film solar modules, have teamed up to develop, build and sell both ground-
and roof-mounted photovoltaic power plants. Both companies together formed a
new joint venture company, PV CIStems GmbH & Co. KG.
PV CIStems is the result of a global framework agreement
to establish a deeper working relationship between Belectric and Solar Frontier
as the two companies strive to continue providing clean, affordable and
grid-stabilizing solar energy through lower systems and maintenance costs.
The new joint venture company will offer customers
worldwide turnkey solutions using high quality components for cost-efficient
solar power generation. Belectric and Solar Frontier are building on and
accelerating the model of development and deployment created by the two
companies in previous successful projects.Â
Belectric and Solar Frontier together already installed more than 700 MW since
2010 across the globe include ground-mounted power plants in Bessan, France,
Wildflecken, Germany and the world’s largest PV system on a car park at the new
Saudi Aramco headquarters, Saudi Arabia.
PV CIStems will further strengthen the relationship
between both companies. “The new company will strengthen our approach to
new projects with respect to total power generation solutions while
accelerating our competitive response and delivery capability. The essential
anchors are the reliability and performance of Solar Frontier’s Japan-made
modules,” said Bernhard Beck, CEO of Belectric.
“This new joint venture not only combines extensive experience of leading
EPC Belectric with our deep know-how as the largest CIS manufacturer, but also
benefits from synergies in terms of market coverage,” said Wolfgang Lange,
Managing Director, Solar Frontier Europe.
PV CIStems will be headquartered in Gruenwald near
Munich, Germany, and will operate in Germany. Future PV CIStems operating
companies in other countries are expected to be established in response to
local market needs and in accordance with local regulations. The management
board of the new company will have equal representation of both parent
companies.
Solar Frontier recently signed an
agreement to supply 150 megawatts peak (MWp) of Solar Frontier’s CIS solar
modules with enXco, an EDF Energies Nouvelles Company.
editor@greentechlead.com
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