PacWest Equities has been invited by the Brazilian government to manufacture thin-film products in Brazil.
Brazilian officials have asked to view PacWest's CIGS manufacturing equipment, acquired at a cost of US$55 million. The government is seeking for PacWest to develop a suite of solar products for production and distribution in Brazil and other South American countries. There are major plans to replace tinted windows in tall buildings with Building Integrated PV (BIPV) panels in Brazil, according to PacWest.
PacWest, which includes Sunlight Technologies among its investment interests, plans on leasing a commercial building, assembling the solar manufacturing equipment and training manufacturing, sales, and engineering staff in an effort to lead the solar panel market in Brazil. Government officials at local, state, and federal levels have all promised a suite of economic incentives to move to Brazil, such as land, plant and manufacturing grants, import and export tax incentives or waivers and financing from the Brazil National Development Bank (BNDES) and the Brazil innovation agency (FINAP).
PacWest acquired the intellectual property of thin-film developer DayStar Technologies totalling 51 patents and patents pending. The technology cost over US$100 million to develop, with US$67 million going to research and development, US$12 million to build the prototype line, and US$27 million going to the actual production line.