Japanese a-Si thin film equipment supplier acquired by China’s A-Power Energy

Facebook
Twitter
LinkedIn
Reddit
Email

Wind turbine manufacturer A-Power Energy Generation Systems has acquired struggling a-Si thin film equipment manufacturer, Evatech Co for US$49.9 million. A-Power plans to move the Kyoto, Japan based equipment suppliers operations to China and produce thin film modules for the building-integrated photovoltaic (BIPV) market in China. The transaction is expected to close by the end of November 2009.

“The Evatech acquisition is an essential part of A-Power’s strategic vision to be an all-around, diversified cleantech solution provider in China,” said Mr. Jinxiang Lu, Chairman and CEO of A-Power. “Growing out of our core DG business, we are establishing a foothold and gaining traction in various areas such as wind, and now solar. It is important to understand that all of these cleantech forms receive strong, committed support from the Chinese government. In terms of solar, we plan to use EVATECH’s low-cost and high-efficiency a-Si thin-film technology to produce PV curtain glass walls and take advantage of China’s RMB 20 per watt subsidy for the building-integrated photovoltaic (BIPV) projects. As part of the plan, we expect to move EVATECH’s manufacturing facility to Shenyang by the end of the year and start production and co- marketing of our PV products with a local construction group for Chinese customers sometime next year. We expect EVATECH to begin revenue contribution in late 2010.”

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

EVATECH had 85 employees and its main customer base was in Japan, China and Taiwan.

Read Next

July 17, 2024
Germany has been consistently adding over 1GW of solar PV capacity every month since March 2023, and has passed a total of 90GW capacity.
July 17, 2024
From January to May this year, 251 new solar projects became operational in the US, with a combined capacity of 10,669MW.
July 17, 2024
Total global corporate funding for solar on the other hand is down year-on-year, according to Mercom Capital Group.
July 17, 2024
US utility PacifiCorp and rPlus Energies signed a power purchase agreement (PPA) for the Green River Energy Center project in 2022.
July 17, 2024
US-based PV manufacturer Mission Solar Energy has unveiled three new modules aimed at commercial and industrial and utility-scale projects.
Premium
July 17, 2024
Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.

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