Talesun Continues to Rise with 1 GW Module Agreement
China Merchants New Energy Group Ltd signs agreement to co-develop solar power plants with Zhongli-Talesun Solar Co.,Ltd.
Munich 11 April 2012: Talesun, an international, premium quality producer of solar cells
and modules for the private and industrial sectors, has signed an agreement with China
Merchants New Energy Group Ltd to provide 1 GW capacity for new solar farms over the
next three years. The installations, which are to be built both in China and around the
globe will be owned and operated by Hong Kong based project developer China
Merchants New Energy Group. The group specializes in the design, construction and
operation of solar power plants.
The agreement commits Talesun to the provision of 300 MW capacity for the domestic
installations and 50 MW for international farms on an annual basis, over the three year term.
The aggregate investment will reach some 15 billion RMB (2.4 billion USD.)
The strategic cooperation agreement was signed at the China Merchant Group headquarters in
Hong Kong and represents a new high in the rapid evolution of the module manufacturer. The
company, which was formed in 2011, opened its state of the art, fully automated production
facility in the Chinese province of Jiangsu last year. The plant produces polycrystalline and
monocrystalline solar PV modules for the domestic and international markets. Current capacity
for cell and module production is 1 GW and 1.5 GW respectively, with module capacity
expected to hit two gigawatts by the end of 2013. The solar cell and module manufacturer is
part of the Zhongli SCI-Tech Group, which has invested over 730 million US dollars in the
company to date. The strategic agreement speaks volumes for China Merchant's belief in the
quality of it's new partner's product.
Mr. Li Yuan, CEO at the Hong Kong based China Merchant underlines the point; “Zhongli
Talesun represents the leading edge of solar technology. Through their significant investment in
R&D, they possess the innovative development capability to meet our solar power
requirements into the future. This 1 GW agreement will accelerate our own strategic development in the photovoltaic sector while providing Talesun with a significant foundation on
which to build ongoing capacity growth.”
The agreement comes on the back of Talesun's 2011 completion of a 23,8 MW rooftop
installation, one of the largest in China to date, cementing its position as a major new player in
the global solar energy sector. The signing of the strategic agreement was attended by the
Chairman of Zhongli Talesun Solar Co.,Ltd, Mr. Wang Baixing, Vice President, Mr. Liu
Yongsheng, and CEO and COO of China Merchants New Energy Group Ltd, Mr.Li Yuan and
Mr. Liaoling Xiang.
Zhongli-Talesun Chairman, Mr. Wang Baixing is excited by the cooperation; ” we are honored to
work together with China Merchant Energy Group. Their name stands for excellence and
longevity, two qualities that are close to our hearts. Solar energy is the main direction of the
future global new energy development, although the industry is facing huge difficulties. For the
moment being, this is an unavoidable rule during the development of any newly emerging
industry. But the success story of the industry will continue and we will be a part of it.”
About Talesun
Talesun is an internationally operating premium producer of solar modules and cells for the private and
industrial sectors. The company's 200,000m², fully automated production plant in the Chinese province of
Jiangsu will reach a production capacity of 2 GW by the end of 2013. Talesun has subsidiaries in
Shanghai, Munich and San Jose.
Contact:
Simone Lintermann
Talesun Solar Germany GmbH
European Head Office
Central Tower München
Landsberger Straße 110
80339 München Germany
Telefon: +49 (0)89-189177-0
E-Mail: simone.lintermann@talesun.com
Stephan Wild
NetPress GmbH & Co. KG
Joseph-Dollinger-Bogen 14
80807 München
Telefon: +49 (0)1512-7556465
E-Mail: talesun@netpress.de
