Parity Solar and China National Building Materials (CNBM) will, according to Parity Solar, cooperate on expanding Parity“s existing solar photovoltaic (PV) module manufacturing facility in Zhenjiang,…
Parity Solar and China National Building Materials (CNBM) will, according to Parity Solar, cooperate on expanding Parity“s existing solar photovoltaic (PV) module manufacturing facility in Zhenjiang, Jiangsu, China to an annual production of 500 MW. The solar PV facility will include solar thin-film and polycrystalline products, Parity Solar says, while the joint venture will also expand to Parity Solar“s global pipeline development efforts by securing new projects in China, Middle East, Africa and South America. There are 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, said Scott Burton, Parity“s CEO. 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, he added.