Canadian Solar Inc. announced it plans to partner with Photowatt and ECM Greentech in France.
The three companies intend to set up a joint venture specialized in low-carbon production of advanced technology silicon ingots and wafers in France. EDF Energies Nouvelles through its subsidiary Photowatt, Canadian Solar and ECM Greentech would own 60%, 30% and 10% of the equity in the JV respectively.
"This cooperation is a win-win for each party involved. The French government's ongoing annual solar energy program of 2,500 MWp tendering, together with EDF Group's target of building 30 GWp of solar projects in France between 2020 and 2035 will create great opportunities for solar energy market there. We are happy to participate in the leading development of this next generation of low carbon solar energy production. Canadian Solar has over 16 years of manufacturing experience in the solar industry and has deployed over 25 GWs of solar modules around the world. This new carbon technology, coupled with high efficiency will speed up the energy generation grid parity," commented Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.