Contracts were officially signed today between Walsin Lihwa and Solarion, wherein Walsin will invest €40 million and hold a 49% stake in Solarion. The Development Bank of Saxony contributed a grant of more than €20 million towards the Walsin investment. The first stage for the factory will consist of building an integrated cell and module factory that has a 20MW annual production capacity. Once the first stage is completed, an 180MW manufacturing plant will also be built on the site near the BMW Leipzig assembly plant.
“We are pleased that we have found Walsin Lihwa, a global player and a strong partner, to support our long-planned global expansion strategy of cost leadership,” stated Dr. Karsten Otte. “Through our advanced technology and novel solar module properties, we will significantly decrease the cost of photovoltaic power generation.”
Both companies have agreed on technical cooperation and licensing, including a technological cooperation where Solarion’s thin-film technology will be improved.