Pyron Solar signs joint venture agreement with Korea’s ATS International

24 September 2009

California’s Pyron Solar, a concentrated photovoltaic (CPV) technology provider for utility scale installations, and ATS International, a factory automation specialist located in GyeongGi-Do, Korea, have entered a joint venture that will see Pyron Solar’s first international solar system operational by the end of the year.

The joint venture, ATS Pyron, has secured a memorandum of understanding to supply up to 5MW of Pyron Solar Systems at various locations in the Jeollanam-do, Province. The first 60KW installation will be housed at the Province’s offices.

ATS Pyron will operate a manufacturing facility located in the Daebul Free Trade Zone. Initially the factory will have a manufacturing capacity of 20MW per year. ATS Pyron will provide solar systems to service the large Korean market which is currently expected to exceed 392MW by 2011, according to a statement.

‘Pyron Solar is experiencing tremendous growth; our joint venture with ATS International is a key element in our Asia Pacific strategy. We look forward to supplying solar systems that help Korea with its immediate and long term solar initiatives,’ said Pyron Solar CEO, Stan Ellis.

Steven Hwang, CEO of ATS International, added ‘The past several years I have been studying the CPV market and I believe that the Pyron Solar System is the most efficient system on the market and the most ready to begin utility scale installations. We believe that ATS Pyron is positioned to capitalise on the tremendous financial investment currently taking place inside Korea at the government and corporate level.’

Copyright © 2009 NewNet

Tags: photovoltaic, solar

This story was published on Thursday, September 24th, 2009 at 10:28 am and is filed under Asia, North America, deals, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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