Global PV project development JV formed between Solar Frontier and Belectric

Solar Frontier would seem to know no bounds as it has rapidly become the first serious competitor to First Solar in the thin film PV sector. Not content to provide its CIS-based technology to projects, the company has established a joint venture firm with Belectric that will focus on PV project development on a global-scale. Financial details were not disclosed.

Having previously partnered on several recent commercial and utility-scale projects a new company, PV CIStems has been formed that will develop, build and sell both ground- and roof-mounted photovoltaic power plants, initially in Europe but new subsidiaries will be formed to provide a global reach.

“Our successful projects with Solar Frontier, ranging from ground-mounted power plants in Bessan, France, and Wildflecken, Germany, to the world’s largest PV system on a car park at the new Saudi Aramco headquarters, Saudi Arabia, have convinced Belectric to take this next step,” commented Martin Zembsch, CSO of Belectric.

“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,” added Bernhard Beck, CEO of Belectric.

According to Wolfgang Lange, Managing Director, Solar Frontier Europe the JV will also tap into market coverage breadth both companies enjoy.

PV CIStems GmbH, is the first operating company under the new global framework agreement and will be headquartered in Gruenwald near Munich, and was said to operate in Germany.

Solar Frontier Director, Senior Vice President, Atsuhiko Hirano said: “With more than 700MW installed since 2010, from residential to utility scale, in a wide range of climates, configurations, and technologies, Belectric’s confidence in Solar Frontier confirms the strong performance of our CIS modules within energy solutions.”

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