Hanergy Global Solar Power & Applications Group, a subsidiary of Hanergy Solar Group Limited, has signed a strategic partnership framework with Sojitz Machinery Corporation – one of the largest trading corporations in Japan.
As a result of the agreement, both companies plan to construct a multitude of PV projects, including a 10MW thin-film electricity generation plant in Japan, which is scheduled to begin construction in March 2015.
Liu Min, chairman and chief executive officer of Hanergy Global Solar Power & Applications Group, said: “Japan has always attached importance to energy conservation, and has made great achievements in photovoltaic application…The strategic partnership with Sojitz Machinery Corporation will be able to further popularise the application of thin-film power generation technology in Japan and the world, thus promoting energy conservation and reducing pollution. It will also be conducive to the development of new-energy industry. We see this partnership as the beginning of our broader cooperation in thin-film power generation. I believe that Sojitz Machinery Corporation will become one of the largest sales channels for our CIGS solar cells.”
According to China Customs, around 24.63% of China’s PV product exports were sent to Japan in 2013. Two month into 2014, that number leaped up to 34.23%, making Japan the largest export destination for Chinese PV goods.
Goto Seiro, executive director and chief representative of China for Sojitz Corporation, said: “Japan has already developed solar photovoltaic power generation, and it now has four large-scale solar energy stations. Sojitz Corporation plans to build solar power stations with a capacity of megawatts in Japan and expand its presence in the overseas markets for solar photovoltaics.”
Hanergy will compete with fellow thin-film module manufacturer Solar Frontier for control of the Japanese solar market. Solar Frontier posted its first annual profit in 2013 and has many Japanese-based PV installations planed, including the 150MW Tohoku plant that is expected to come online in 2015.
The projects will also serve as a significant reference for Hanergy's thin-film modules.