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July 16 (Renewables Now) - Taiwanese solar panel manufacturer BeyondPV Company Ltd is to invest around USD 3.5 million (EUR 3.1m) in a new dedicated production line to make solar strip modules for Australia's ClearVue Technologies Limited (ASX:CPV).
The Australian smart building materials company said Monday it signed a memorandum of understanding (MoU) with BeyondPV aiming to secure the supply of the developer’s modules and use them in its building integrated photovoltaic (BIPV) business. The solar strip modules will be integrated into insulated glass units (IGUs), smart windows and facades by the Australian company and its licensees. The investment in the new production line will be launched before December 2019, ClearVue said.
The two companies expect to finalise and sign an original equipment manufacturer (OEM) supply agreement within 60 days.
The targeted volume of BeyondPV’s solar module strip shipments should exceed 200,000 strips in 2020. Until this capacity is possible, ClearVue said it will source supplies from its other OEM partners.
(USD 1.0 = EUR 0.89)