Schweizer Eyes PV Market in Asia

Schweizer Electronic AG has entered the Asian photovoltaics market as part of a diversification strategy. Schweizer Energy will operate a plant in Nantong, China, with up to four 100-MW production lines. Production of high-efficiency photovoltaic modules is planned for 2013. The investment for the first production line amounts to $50 million to $60 million. Schmid Group of Freudenstadt will be the technology partner for the first production line. Schweizer is working on setting up its own sales channels in Asia and has closed two memorandas of understanding with the joint venture Sino Singapore regarding projected solar parks in China.