Photovoltaics equipment supplier Roth & Rau is becoming a production partner with an unidentified China-based company to establish a joint venture firm responsible for cadmium telluride thin-film (CdTe) module production. Roth & Rau CTF Solar, a subdidiary of Roth & Rau, will be the partner in the new enterprise. The JV will use Roth & Rau’s turnkey CdTe equipment and technology and will first establish an 80MW ‘specimen’ line in Brandenburg, Germany at a cost of €100 million.
Based on the relevant production milestones, the JV will then build production plants in China, with the Brandenburg line becoming the reference site.
Roth & Rau said it would hold a 49% share of the capital in the new JV, contributing €19.6 million to the new company’s capital reserve. Roth & Rau will then have the opportunity to hold a 32% stake in production plants built in the future in China.
Negotiations with the Chinese partner are still ongoing to finalise the details of the partnership, Roth & Rau said.