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Advanced Technology & Materials Co. Ltd. (AT&M) and Odersun AG, a German manufacturer of thin-film solar cells and modules, announced the plan to form a joint venture in Beijing, China, for the production and sales of solar cells and modules based on Odersun proprietary thin-film technology. The construction of the joint venture's manufacturing facilities in China is expected to start in the course of 2010.
Both companies now plan to address the fast-growing thin-film market by forming this joint venture.
Odersun and AT&M established their relationship in 2004, when AT&M became an early investor in Odersun and a strategic partner in a number of joint research projects. As recent renewable energy support schemes drive significant growth in the photovoltaic sector in China, both companies now plan to address the fast-growing thin-film market by forming this joint venture.
“We are delighted with this chance to bring highly innovative and flexible solar products based on Odersun’s technology to the growing Chinese market,” says Dr. Zhao Pei, President of AT&M, “Our joint venture is the result of long-term cooperation and trust between Odersun and AT&M.”
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