Emcore, San’an create Suncore joint venture to develop, manufacture, distribute CPV gear in China

Facebook
Twitter
LinkedIn
Reddit
Email

Emcore and San’an Optoelectronics have signed a joint-venture deal for the development, manufacture, and distribution of concentration photovoltaic (CPV) receivers, modules, and systems for terrestrial solar power applications in China. The JV, called Suncore Photovoltaics, will be owned 40% by Emcore and 60% by San’an, which is San’an is the largest producer of LED chips and epitaxial wafers in China and is also a leader in CPV manufacturing and deployment in the country.

Under the terms of the agreement, all operational activities and business for CPV receivers, modules, and systems at both San’an and Emcore’s Langfang, China, manufacturing facilities will eventually be transferred to Suncore at its primary manufacturing operations to be located in Wuhu City, Anhui, China.

The Wuhu economic development organization has agreed to provide Suncore with significant economic incentives, including land, subsidies, grants, and other incentives, although the amount of the incentives was not announced.

Suncore will become Emcore’s primary low-cost, high-volume manufacturing base for CPV receivers incorporating the company’s CPV solar cells, and also for CPV modules and systems to support both the JV partners’ worldwide sales efforts.

Subsequent to the establishment of Suncore, the company will begin to produce 12MW of CPV systems for San’an’s current customers and 2MW of CPV components for projects sourced by Emcore.

The companies are also aggressively pursuing multiple CPV project opportunities, including the 280MW solar energy plan in six western regions of China recently announced by the Chinese government.

In conjunction with the formation of the JV, Emcore will grant Suncore an exclusive license to manufacture Emcore’s current and future improved CPV receivers, modules, and systems in China for terrestrial solar power applications.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

San’an chairman Xiucheng Lin will serve as the new venture’s chairman, while Emcore’s senior VP  Charlie Wang will become GM.

“The formation of this joint venture represents a significant step in Emcore’s business strategy toward introducing CPV products for terrestrial solar power applications in one of the fastest growing solar power markets,” said Hong Hou, president/CEO of Emcore. “By commercializing Emcore’s terrestrial Gen-III CPV systems through this low-cost manufacturing base, we believe Emcore will be in position to gain significant advantages over competing terrestrial solar technologies. Furthermore, the joint venture provides an ideal platform to penetrate China’s emerging renewable energy market.”

“China is accelerating development and deployment of solar energy resources,” said San’an’s Lin. “The potential for CPV terrestrial systems over the next several years is enormous. Combining the advantages provided by San’an and Emcore, the joint venture will have the capability of high-volume and low-cost manufacturing, the most advanced CPV technology and continued innovation. Suncore will play a key role in accelerating the market adoption and deployment of CPV solar power.”

Additional financial terms of the agreement were not disclosed.

Read Next

Premium
July 24, 2024
Policies in the EU and US to impose a carbon price on imported materials and goods will inevitably hit solar manufacturers.
July 24, 2024
The power purchase agreement consists of a portfolio of six solar PV projects located in the Italian regions of Lazio and Emilia Romagna.
July 24, 2024
A roundup of two agrivoltaics projects from different sides of the world, from US PV developer Avangrid and Lodestone Energy in New Zealand.
July 24, 2024
In Q2 2024, Enphase Energy shipped 574,000 microinverters from its US facilities, which benefit from the 45X production tax credits.
July 24, 2024
AEMO has granted BrightNight approval to connect its Mortlake Energy Hub, which includes solar and storage facilities, to the Victoria grid.
Sponsored
July 24, 2024
Sungrow's Lei Wang discusses the company's floating solar activities and opportunities for PV to go offshore.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA