Centrosolar partners with Qimonda in new 100MW solar cell joint venture

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

A new joint venture crystalline solar cell manufacturer has been
created with the announcement that Munich, Germany-based PV systems
manufacturer Centrosolar Group AG and Munich-headquartered Qimonda AG
plan to build and operate a 100MWp facility at Qimonda’s Vila do Conde,
Portugal semiconductor packaging plant. Qimonda is a major
semiconductor memory manufacturer.

Approximately €70 million is expected to be invested in the first phase of the joint venture project with Qimonda having a 51 percent stake and Centrosolar a 49 percent share.

“By entering the solar industry, we are addressing an attractive market with stable and high growth rates. We will leverage our core competencies in silicon-based, high-quality mass production to generate a new revenue stream for Qimonda,” said Kin Wah Loh, President and Chief Executive Officer of Qimonda AG. “Together with our experienced solar partner Centrosolar we have developed a capital and resource efficient setup to start this promising new business.”

Dr. Alexander Kirsch, Chairman of the Management Board of Centrosolar Group AG said: “Within the last years, Centrosolar has moved into a new dimension in regard to the size of the corporation and single projects. Therefore, it has become necessary to establish an own manufacturing brand for solar cells. With Qimonda as a partner, we are able to guarantee a competitive quality manufacturing of solar cells, which in the future will be produced inhouse and destined for our expanding module production sites in Germany and the Netherlands.”

The companies expect 70 percent of the financing to be provided by local banks, including additional funding packages provided by Portuguese state authorities in accordance with European funding regulations.

Qimonda is expected to utilize some of its semiconductor process technology knowledge in developing solar cells with efficiencies above 16 percent and will also leverage scrapped silicon wafers to obtain better wafer supply contracts, known as tolling.

The companies have secured 500 MWp of solar wafers over five years in a long-term supply deal with LDK Solar.

Construction at Qimonda’s site in Vila do Conde, Portugal is scheduled for mid-2008 and should be ready for equipment in early 2009. Initial production ramp is expected in the second half of 2009 with a capacity of up to 30 million solar cells per year (equivalent to about 100 MegaWatt peak), and will employ approximately 150 employees.


7 June 2022
The Renewable Energy Trading Summit is the only event in Europe dedicated to renewable energy trading and will bring together renewable power asset owners, investors, exchanges, intermediaries and large energy buyers to discover the future of power sales. This unique event is designed specifically for the most senior players and will provide an excellent forum for business deals, networking and learning. The energy transition is gathering pace with renewable energy attracting increasing sums of capital each year. Solar and wind deployment is increasing annually and governments are ever-more reliant on the renewables sector to stimulate moribund economies. Retirement of fossil fuel assets continues in the background. However, without subsidies and uncertainty around PPAs, renewable asset owners are heading into the wholesale markets to trade power but are they ready for the volatility in revenue this will entail?
9 June 2022
The proliferation of solar PV and other renewables is a cornerstone of the emerging new power system and, as a result, the solar industry has entered its fastest-growth period. This has become typified by surging demand for high-power PV modules that both produce more power and are more efficient than their predecessors. Providing a significant boost to power outputs, large-format modules have become a popular choice for customers the world over. Outdoor testing of modules is now providing empirical evidence of the benefits large-format modules produce, providing a crucial benchmark and invaluable data for customers to evaluate their module selection and procurement processes. In this PV Tech webinar, experts from TÜV Rheinland, CPVT and Trina Solar will discuss how to ensure science based and precision testing under field conditions, how empirical data is collected and analysed during TÜV Rheinland and CPVT’s outdoor testing, the empirical data behind a 670W module’s ultra-high power, and more.
14 June 2022
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!
15 June 2022
Consumers are turning to residential renewables in significant numbers, driven by a desire to be environmentally conscious and a wave of high power prices. But turning green requires easy-to-use and, above all, safe technologies that meet expectations. Huawei is committed to building efficient, safe, reliable and grid-supporting smart PV plants that also provide smart services to consumers, and its Residential Solution has been tailored to meet consumer demand. This webinar will demonstrate the full suite of technologies offered within the Huawei Residential Solution, including a smart energy controller, smart AC charger, and AI-powered energy storage solution, and detail how it can place power back in the consumer’s hands.
22 June 2022
The 11th edition of the Large Scale Solar Summit is coming to the US after 10 sell-out years in Europe! Designed as a meeting place for deal-making, we will not only discuss the most up to date topics and technologies but will also provide varied networking platforms so that developers, EPCs, manufacturers, asset owners, and investors can connect with possible clients and partners. In a year expected to break records for the solar market, join us in Texas to meet with the top players in the industry and expand your network as business booms.
19 July 2022
As New South Wales is gearing up to become a renewable energy superpower, an exciting clean energy event is coming to Sydney. Energy Next is a free-to-attend industry event focusing on the latest renewable energy and energy management technologies, which will be held from 19-20 July 2022 at the ICC Sydney in Darling Harbour. Organised by the same people behind the country’s largest clean energy event, All-Energy Australia, Energy Next will bring a quality exhibition and technical session series to NSW. Energy Next will also host the Clean Energy Council’s Solar Masterclass with a program developed for solar designers and installers. Across two days, Energy Next will provide an extensive exhibition, workshops and networking opportunities for those working in the renewable energy industry to meet with leading suppliers, discover the latest technologies and gain an understanding of how to successfully launch new clean energy projects.

Read Next

May 27, 2022
Solar O&M solutions provider Ecoppia is navigating ongoing component shortages while expending its operations into new geographies and ramping up production of its latest PV panel cleaning robot.
May 27, 2022
The CEO of US solar and energy storage developer Borrego has said the company’s project development business will be less capital constrained under the new ownership of investment firm ECP, following a deal announced earlier this week to spin off and sell the unit.
May 26, 2022
US solar and energy storage developer Borrego will spin off and sell its development business, including its more than 8.4GW PV project pipeline, to investment firm ECP.
May 26, 2022
Danish developer Better Energy has partnered with Finish solar company Forus to develop more than 1GW of solar PV in Finland.
May 26, 2022
Leading solar manufacturers have implored governments to implement tax credits and other financial incentives to stimulate domestic PV manufacturing.
May 26, 2022
Spanish utility Iberdrola will invest €3 billion (US$3.2 billion) in green hydrogen, the company’s chairman, Ignacio Galán, has announced as he called for a stable European framework to boost investment in the technology.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas