Panasonic, as one of the leading PV manufacturer with heterojunction technology, is transferring a 90% stake in its heterojunction (HIT) solar cell and module assembly plant in Malaysia to China-based PV manufacturer, GS-Solar as part of a wider collaboration on HIT production expansion and R&D.
According to PV-Tech news, GS-Solar will be the principal owner and operator of Panasonic’s Malaysia plant, while a new company will be formed in Japan with GS-Solar to undertake all HIT R&D activities that will entail Panasonic’s existing R&D activities being separated from the group.
GS-Solar has been working on heterojunction (HJ) technology and announced the grounding breaking of a 5GW manufacturing base in Jinjiang City in February 2019. The first phase of the project is expected to be 2GW of HJ solar cells with a RMB 5 billion (US$732 million) investments.
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Date: May 10, 2019 @ 15:30
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