Bright future for PV collaboration

BEIJING - First Solar, Inc and China Power International New Energy Holding Ltd (CPINE), a wholly owned subsidiary of China Power New Energy Development Co Ltd (CPNE), have agreed to collaborate on solar photovoltaic projects in China, the United States and other international markets, the companies said in a statement on Tuesday.

First Solar and CPINE will initially explore collaboration on solar photovoltaic projects in China. They will also identify investment opportunities for CPINE in the United States and other markets, the companies said.

"This cooperation leverages our advantages in the domestic solar-power industry, and helps First Solar further expand its business presence in China. In addition, we are happy to explore other cooperation opportunities in different areas and through different methods with First Solar, working together to further expand in the global market," Li Xiaolin, chairwoman of China Power International, CPNE and CPINE, said in the statement.