China-based metal casting components firm Jete Power Holdings has acquired a 39% stake in China-based CIGS thin-film start-up Dongtai Energy Technology Company via the shares in the holding company, Novel Sino Group Holdings.
Dongtai Energy Technology has plans to start production of CIGS (copper indium gallium selenide) thin-film modules for utility-scale and commercial PV projects and BIPV applications in March, 2017 onwards with an initial capacity of 15MW and expected module conversion efficiencies of 15%.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Located in Dongtai City, Jiangsu Province, Dongtai Energy Technology was said to have secured a strategic cooperation agreement with the local government authority in developing the PV power business in Dongtai City.
Jete Power said that it had made the investment in the CIGS start-up to diversify its investment portfolio. Upon completion of the deal, Novel Sino is expected to become an associate of Jete Power.
