Recent rumours of a business tie-up between Q-Cells and LDK Solar have come to fruition with the official formation of a Joint Venture (JV) to promote and supply PV systems for large-scale solar power plants in both Europe and China. The new business partners said that a 40MW project located in Europe had already been secured, which will see the use of solar wafers from LDK Solar and solar cells from Q-Cells, though no details were given in respect to modules.
The JV is intended to reduce system costs through the supply chain and leverage market presence in the two regions, according to the companies.
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
“This joint venture will strengthen our position in the crucial business area of large-scale PV power plants,” noted Anton Milner, CEO of Q-Cells SE.
“We look forward to the many new opportunities that will emerge as a result of our partnership with Q-Cells,” commented Xiaofeng Peng, Chairman and CEO of LDK Solar.
Other projects were said to be in the planning stage including in China. The companies also said that the JV did not require additional working capital financing or other funding from the either company.
