OSolar Ltd., a photovoltaic engineering company, is expanding its global presence with a long-term strategic partnership with Longyuan (Beijing) Carbon Asset Management Technology Co. Ltd, a subsidiary of ChinaGuodian Group.
OSolar announced today that the company had signed 1MW tracking system sales agreement with Longyuan. Under the terms ofthe contract, OSolar along with Longyuan will supply 1MW of single-axistracking systems to the Longyuan Golmud Solar PV power station which isexpected to be on-grid by the end of this year, in Golmud QinghaiProvince, China. OSolar also will provide basic design and technicalconsulting services for this project.
Jihun Kim, CEO of OSolarstated: "This contract with Longyuan means much to us. Since we havemade an alliance agreement with Longyuan in October 2009, this is ourfirst fruit of the partnership. We are looking forward to making further strengthened and close relationships for the promising Chinese PVmarket."
Wang Yao, General Manager of Longyuan (Beijing) CarbonAsset Management Technology Co., Ltd., commented: "We are very pleasedto have this new contract and strategic alliance with OSolar. We couldmaximize synergy with OSolar’s knowhow in the PV industry and Longyuan’s various experiences in new energy development business."
Due toits strong partnership, both companies will jointly participate in SNECPV Power Expo 2010, held in Shanghai, China from May 5 to 7, under thename of ‘LY Solar & OSolar’. The companies plan to introducehorizontal single-axis, tilted ground single-axis and dual-axis tracking systems.
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