Solarion partnership with Taiwanese corporation Walsin Lihwa sets the trend for growth financing of PV companies

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Solarion, a PV company from Leipzig, has won Taiwan’s Walsin Lihwa Corporation as an investor, securing €40 million for the manufacturing of flexible solar cells.

Consulting company Apricum understands this type of cooperation as setting the trend for the successful future commercialization of PV-technology company innovations.

According to Apricum’s management partner Nikolai Dobrott: “Cooperating with established corporations from Asia offers start-ups in the PV-Sector excellent pre-conditions for fostering their international expansion. They can profit from their partner’s long-standing experiences and resources, particularly regarding mass production at low costs. As such, start-ups can commercialize their products quicker and at a lower price to tap into the global market.”

Apricum notes that large Asian corporations in particular display a strong interest in investing in German PV-technology companies. “Many corporations are keen to acquire a stake in the photovoltaic sector. They are therefore searching for highly effective technologies ready for mass production. German PV-companies are regarded as excellent partners with an outstanding Know-How,“ Dobrott emphasizes.

He is convinced that further partnerships between German PV-technology companies and Asian corporations are imminent. For example, in addition to Solarion, Avancis – the German subsidiary of glass manufacturer Saint Gobain – announced its cooperation with Korea’s Hyundai Heavy Industries in order to build a manufacturing plant for thin film solar modules in South Korea.

http://www.apricum-group.com/en/media/news-overiew/finance-apricum/174-solarion-walsin-lihwa-finanzierung-wachstumsfinanzierung-investor.html