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Solar*Tec AG signs Joint Venture on module production

04-30-2008 06:21 PM CET | Energy & Environment

Press release from: SolarTec AG

Solar*Tec AG CEO Dr. Erich W. Merkle with Managing Director Mr. Cai after contract signing

Solar*Tec AG CEO Dr. Erich W. Merkle with Managing Director Mr. Cai after contract signing

On 25.04.08 Solar*Tec´s CEO signed a joint venture Agreement on in Nanjing to establish PHONO SOLAR TECHNOLOGY CO. LTD in Nanjing in the Chinese province of Jiangsu.

The joint venture aims at the production of solar modules. Due to the long period of approval by the Chinese authorities the buildings and the production installations have already been completed. The production is to start on 10.05.2008.
The production capacity in 2008 is initially planned at 4 MWp monthly. From 2009 on an extension to an annual capacity of up to 100 MWp is scheduled.
The production manager of the new company has worked many years in a similar position for one of the Chinese market leaders.
Partner is the renowned Sumec corporation possessing valuable experience in the field of production of electronic and hight-tech-components. A trustfully cooperation with Solar*Tec exists since the beginning of 2007. A further jv partner is successful in the field of production of solar silicon and delivers the wafers. Another partner company then processes the wafers into quality solar modules.

Within PHONO SOLAR TECHNOLOGY CO. LTD Solar*Tec AG is responsible for Design, Quality Control and Distribution. It holds 27% of the shares and provides 2 Board Members.

Our picture shows Dr. Erich W. Merkle with Managing Director Mr. Cai after contract signing at the entrance of the Hi-Tech Park in which the company is located. The 2. picture shows the production building (left), administration building (right). It is quite extraordinary for Chinese companies to have such a harmonic integration into the park areas also serving the employees for recreation.

Solar*Tec AG
Administration, Production, R&D
Uhlandstr. 13,
85609 Aschheim near Munich

Contact:
Mr. Dr. Erich W. Merkle
CEO / Vorstandsvorsitzender
E-Mail: merkle@solartecag.de
Executive Board (Chairman)
Phone: +49 (89) 90774997-0
Fax: +49 (89) 90774997-69

Solar*Tec AG is a Munich based company of the photovolataic industry with offices in Spain, Greece, China and Singapore and develops and markets highly efficient solar energy systems. Solar*Tec is the only PV company active in all three generations: crystalline silicon, thin film and concentrator PV (CPV). The Solar*Tec group of companies covers all important steps of the solar energy value chain: wafer manufacturing, solar glass, development of components, module production and realization of power plant projects. One of Solar*Tec’s core competences is the Sol*Con™-concentrator technology, which provides cell-efficiency rates over 35% and significant cost savings compared to conventional solar modules.
Sol*Con™ is a registered trademark of Solar*Tec AG.

Web: http://www.solartecag.de

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