21 Jan 11 PV Tech reported Parity Solar has reached a deal with China National Building Materials (CNBM) to expand the production capacity of its existing PV module manufacturing facility in Zhenjiang, Jiangsu. Parity Solar hope the joint venture will help increase annual production of thin-film and poly-crystalline products to 500MW. The agreement between the two firms was formalized on December 1, 2010, after several months of due diligence and government approvals
CNBM’s input will also allow Parity Solar to increase the scale of its global pipeline network by securing new projects in China, the Middle East, Africa and South America, where CNBM already has a strong presence in glass and concrete manufacturing and engineering.
“CNBM is an ideal partner with its materials businesses and global EPC [engineering, procurement and construction] capabilities, ” said Scott Burton, Parity’s CEO. “Together, we can access new markets rapidly. There are also tremendous synergies in applying CNBM’s solar glass, building material and raw materials strengths to create cost advantages both at the product and system level.
“Parity’s production base in Zhenjiang is world class, but PV requires big investment and global market access over the long term. CNBM and Parity together have unlimited options and we will be aggressive in becoming a leader in several key areas such as large-scale, low-cost power stations, BIPV materials and global EPC and project development services.”
“CNBM has already invested in critical solar raw materials and other PV technology areas. Now, with Parity we have the capability to expand rapidly and apply our capabilities. We will be the leader in China and we will also pursue this goal on a global scale,” added CNBM chairman, Song Zhiping.