As part of the deal, the companies will utilize their research and development resources for joint product development targeted to specific market needs.
The companies will also work together as a preferred key equipment supplier for current and future large scale projects. Lastly, the agreement will allow the two companies, with their complementary product offerings, to strengthen key aspects of their businesses including research and development and marketing.
"Innovation is one of Phono Solar’s core brand values, and this strategic alliance will not only reinforce our product development initiatives, but it also reflects our desire to remain true to our horizontal supply chain integration strategy,” said Cai Jibo, President of Phono Solar.
"This is a powerful partnership between two leading solar companies, with similar cultures and shared strengths in technology and innovation,” said Dr. Alex Levran, President, Renewable Energy Solutions at Power-One. “We are excited to be aligned with a quality organization like Phono Solar in our ongoing efforts to grow our global market share, particularly in the Asia-Pacific region.”
Phono Solar was founded by the SUMEC Group Corporation a member of the China National Machinery Industry Corporation (SINOMACH). SUMEC will bring access to large PV projects in China. In addition to China the companies will focus on Japan, Australia and other APAC countries with strong, developing PV markets.
In other Phono Solar news, the company recently completed a 500KW installation in the Galati region of Romania in collaboration with Electrasol Proiect, a photovoltaic system manufacturer.
The Phono Solar 195W monocrystalline modules used will generate electricity to power approximately 1250 average Romanian homes, or will displace the equivalent of 614.07 metric tons of CO2 per year.
The installation took place in the Galati county in Romania, an area which receives (on an inclined surface of 35°) total annual radiation levels of 1,634kWh/m2. This project is the first PV project completed in the county.
" The Galati county is an area that could potentially generate vast amounts of energy through PV technology," said Valentin Macec, Phono Solar Romania Country Manager. "This new project demonstrates the Phono Solar company values of stability, reliability and creativity, as we look to provide a diverse range of financially secure renewable energy solutions to markets worldwide.”
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