The companies say they will co-market and advance the development and scale manufacturing of BIPV products from 2010-2015 in China.
Under the agreement, China Sunergy will supply Pythagoras with up to 75 megawatts (MWs) of solar concentrator cells within five years. Meanwhile, it has been said that other areas of cooperation may include the reselling and production of Pythagoras' PVGU products by China Sunergy, and the development and supply of new solar concentrator cells to further enhance BIPV systems.
"Pythagoras Solar's BIPV products are a foundation for progress in areas of critical importance for our company as we work to broaden our technology portfolio," said Mr. Stephen Zhifang Cai CEO, China Sunergy.
Gonen Fink, founder and CEO, Pythagoras Solar added: "China Sunergy provides us with the opportunity to quickly scale manufacturing capacity in a joint effort that will maximize the potential of our respective technologies and strengths. We believe that the triple value benefits of our PVGU products will help transform the green building industry and help in making energy efficiency a reality for the mass commercial market."
Research firm NanoMarkets estimated the BIPV market in Asia in 2009 at over USD$600 million in installation revenues and forecasts the global BIPV market to exceed USD$8 billion by 2015.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.