Chint Solar, solar energy subsidiary of energy giant Chint, the largest in China and third in the world, has signed an agreement with the company Montebalito Renewable Energy to build solar panels in Spain, told Efe managers English company.
The agreement ssucrito in the eastern city of Hangzhou, where the headquarters of Chint Group, foresees the participation of the Chinese company to build a solar panel factory Ledesma, Province Salamanca said Montebalito CEO, Antonio González.
Chint Solar This will be a subsidiary in Spain, together with the investor and manager Galician Corporation bromine, which is called Chint High-Tech and will have its headquarters in Madrid and will participate in the establishment of the factory Salamanca along with its own array of China, Chint Solar, and its English partner Montebalito.
The new factory will produce panels equivalent to 40 megawatts per year, and will be operational in the second half of 2009, said both Gonzalez and the director general of Montebalito, Antonio Angulo, and the administrator of bromine, Jaime Perales will become director Chint joint venture of Hight-Tech.
addition, the agreement also includes the intention to participate Chint Group, under a formula similar business in another Montebalito company called Monteillunum, which will build another factory in photovoltaics in Hellin (Albacete)
also partners in both countries are working on a future framework agreement between Montebalito and bromine, for the promotion of solar farms in Spain, whose construction was responsible Dragados and photovoltaics which would be provided also by Chint.
The first of these parks are expected to place 'soon' in Navarra (northern English), with a 15-megawatt solar plant.
Finally, Chint Solar will also provide electronic components for future projects Montebalito PV in Europe, Africa and Latin America, said the English.
Founded in October 2006, Chint Solar began production in mid 2007, and currently employs 250 workers.
The company, which has sold its products in Germany and Spain, which is being introduced in the African market, is scheduled five times its production capacity by mid 2008, and announced that among its objectives is to increase exports to Europe and America.
Montebalito Chint has been considered a 'strategic partner to develop its industrial activities, "claimed the English directors, who advanced the Chinese group is considering entering the social capital of that company, its current role in the renewable energy sector.
For its part, the islands' society Montebalito, listed on the Bombay Stock Exchange and specializes in real estate and of photovoltaic, announced last week studying the sale of some of the solar wind, so it provides excellent results during the first half of 2008.
Today the company has several farms in Castilla-La Mancha, in the towns and Abenójar Inheritance (Ciudad Real) and Bargas (Toledo), and plans to promote other in central and southern Iberian Peninsula and the Canary Islands and in some European countries.
Come on. Let's see, China manufacturing company in Spain? I block. What the point about production costs? Maybe it's being able to access better funding? I need some expert on the subject that explains it ...
Furthermore Chint Solar is neither among the top 10 Chinese companies manufacture photovoltaic modules and has a stated capacity of 30 MWp annual production.
As I can see the green light to this collaboration gave the English consul in China D. Alexander Alvaro
www.chintsolar.com
Source: Terra.es
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