Your daily dose of photovoltaic technology developments and solar news

• Most Popular Articles

  • Q-Cells CEO exits amid investor anxiety
  • Moser Baer achieves 7.3% module efficiency through its proprietary process
  • Solar photovoltaic market grew 6% in 2009, says Solarbuzz
  • Yingli Green to add 300MW of capacity; tops $1B in annual revenues, achieves record module shipments
  • Project Focus: SunPower scores 200MW rooftop PV contract with Southern California Edison

• Popular Technical Papers

  • Photovoltaic Fab Managers’ Forum Review
  • Photovoltaic industry 2009: a journey into uncertainty
  • Overview of automation in the photovoltaic industry
  • Thin-film CIGS starts to come of age
  • CIGS, CdTe thin-film PV equipment sector emerges, standardization remains elusive

• Subscribe to our weekly newsletter

  Name
  Job title
  Company
  Email

Recent rumours of a business tie-up between Q-Cells and LDK Solar have come to fruition with the official formation of a Joint Venture (JV) to promote and supply PV systems for large-scale solar power plants in both Europe and China. The new business partners said that a 40MW project located in Europe had already been secured, which will see the use of solar wafers from LDK Solar and solar cells from Q-Cells, though no details were given in respect to modules.

The JV is intended to reduce system costs through the supply chain and leverage market presence in the two regions, according to the companies.

"This joint venture will strengthen our position in the crucial business area of large-scale PV power plants," noted Anton Milner, CEO of Q-Cells SE.

"We look forward to the many new opportunities that will emerge as a result of our partnership with Q-Cells," commented Xiaofeng Peng, Chairman and CEO of LDK Solar.

Other projects were said to be in the planning stage including in China. The companies also said that the JV did not require additional working capital financing or other funding from the either company.