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 7, 2025
The board of REC Silicon is running out of time on a buyout offer by Korean conglomerate Hanwha previously dismissed as "lowball".
Premium
July 7, 2025
Collecting project performance data and managing cybersecurity concerns is no simple task for many project managers.
July 7, 2025
ReNew has received a non-binding final acquisition offer from a consortium at US$8 per share, which is 13.2% more than their earlier offer.
July 7, 2025
Chinese energy giant China Petroleum and Chemical Corporation, also known as Sinopec, has commenced operations at a 7.5MW offshore floating PV plant in China.
July 7, 2025
GameChange Solar has announced plans to supply trackers for the 1GW second phase of the Abydos project in Egypt.
July 7, 2025
Private equity firm Ardian has completed the acquisition of French independent power producer Akuo, a transaction unveiled in March 2025.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK