Greentech Lead Europe: Belectric, a German developer of
ground-mounted solar power plants and roof-mounted photovoltaic systems, and
Solar Frontier, a Japanese manufacturer of CIS thin-film solar modules, have
teamed up to develop, build and sell ground- and roof-mounted photovoltaic
power plants.
The new joint venture company will be known as PV
CIStems. PV CIStems is the result of a framework agreement to establish a
deeper working relationship between Belectric and Solar Frontier. PV CIStems
will strengthen the relationship between both companies.
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 projects.
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.
“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.
Accoding to a press release, 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