Solar Frontier And Belectric Form New JV For Solar
Belectric and Solar Frontier have announced they have formed a new joint venture company, PV CIStems GmbH & Co. KG.
The company will develop, build and sell both ground and roof-mounted photovoltaic power plants by combining Belectric's EPC and project development experience with Solar Frontier's know-how.
"Our successful projects with Solar Frontier, ranging from ground-mounted power plants in Bessan, France, and Wildflecken, Germany, to the world's largest PV system on a car park at the new Saudi Aramco headquarters, Saudi Arabia, have convinced Belectric to take this next step," said Martin Zembsch, CSO of Belectric. "The new company will strengthen our approach to new projects with respect to total power generation solutions while accelerating our competitive response and delivery capability. The essential anchors are the reliability and performance of Solar Frontier's Japan-made modules," adds Bernhard Beck, CEO of Belectric.
"This new joint venture not only combines extensive experience of leading EPC Belectric with our deep know-how as the largest CIS manufacturer, but also benefits from synergies in terms of market coverage," added Wolfgang Lange, Managing Director, Solar Frontier Europe. "Another key factor for our decision was the great team at Belectric, who have exactly the right entrepreneurial spirit to further this alliance together with Solar Frontier."