The agreement positions both companies to capitalize on opportunities in the growing BIPV market through the use of Pythagoras Solar's transparent, high power photovoltaic glass units (PVGU). Both said they believe working together will greatly accelerate the adoption of the technology.
“This is an exciting time to be expanding our business in China and we feel that China Sunergy will be a strong partner to help us take advantage of the burgeoning demand for BIPV products and the high-growth Asian markets," said Gonen Fink, Founder and CEO, Pythagoras Solar, in a statement.
“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,” he said.
Under the terms of the agreement, China Sunergy will work with Pythagoras Solar to rapidly advance the proliferation of PVGU products by supplying up to 75 MW of high-efficiency solar concentrator cells within 5 years.
Pythagoras Solar's PVGU products combine the modularity and insulating benefits of the standard insulating glass unit (IGU) with solar power generation and architectural adaptability. Other areas of cooperation between the companies may include the reselling and production of Pythagoras Solar's 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 Stephen Zhifang Cai, CEO of China Sunergy.
"We look forward to supplying an important partner with our market leading solar concentrator cells and believe that both companies will benefit from our joint efforts," he said.
Research firm NanoMarkets has estimated the BIPV market in Asia in 2009 at over $600 million in installation revenues and forecasts the global BIPV market to exceed $8 billion by 2015.
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