Isofotón and CNOOC form Chinese JV


The new company, Isofotón Lishen New Energy (Tianjin) Co. Ltd, based in the city of Tianjin, intends to install photovoltaic projects totaling 150 megawatts, both in China and abroad.

A spokesperson for Isofotón tells pv magazine that while no project specifics can be released, the majority of the pipeline will be installed in China, and will utilize both photovoltaic and high concentrating photovoltaic (HCPV) technology.

They add that details of the first photovoltaic project, which has been signed, will be announced next week.

According to a statement released today, state-owned CNOOC (China National Offshore Oil Corp.), the third largest oil company in China, will invest up to US$300 million in the pipeline and bring its battery development technology to the table. Isofotón’s contribution, meanwhile, will be its technology.

The Spanish company currently does not have a module manufacturing base in China, although it does produce a range of solar trackers there. However, the spokesperson did not rule out the possibility that facilities will be established in the country in the future.

President Ángel Luis Serrano of Isofotón commented, "Working in China with the support of a leading company in the energy sector will allow us to enter China through the front door and take advantage of the favorable regulatory framework set by the government of China, where it is estimated that 15 GW could be installed in the next three years."

CNOOC, meanwhile, has said the JV will allow it to take advantage of Isofotón’s international, and in particular, European, market knowledge.

Overall, Isofotón has a one gigawatt solar pipeline, which it plans to complete in 2012 in the U.S., Latin America and Europe. In December, it completed a 100 kilowatt HCPV plant in China's Golmud.

Popular content

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:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.