Tuesday, April 28, 2009

Taiwan BIPV maker Kinmac Solar sets up PV module joint venture in China

Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Tuesday 28 April 2009]

Kinmac Solar (renamed from Lucky Power Technology), a Taiwan-based maker of BIPV (building-integrated photovoltaic) modules, has decided to establish a joint-venture assembly plant for making PV modules with Jinzhou Yangguang Energy, a maker of solar-grade monocrystalline silicon ingots/wafers in northeastern China.

Kinmac said the joint venture will have initial capital of 90 million yuan (US$13.2 million). Kinmac said it will hold a 49% stake in the joint venture, and Jinzhou Yangguang the rest.

The joint venture will set up an initial annual PV module production capacity of 100MWp in 2009 and then add 100-300MWp annually over the next three years, Kinmac said.

Kinmac said it also plans to expand it BIPV module capacity in northern Taiwan in July 2009 from 30MWp currently to 60MWp.

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