Qimonda AG and Centrosolar Group AG have signed a contract to jointly build, equip and operate a solar cell manufacturing plant located on Qimonda's existing site in Vila do Conde, Portugal.
The joint venture will produce solar cells based on silicon and will be owned 49% by Centrosolar and 51% by Qimonda Solar GmbH, a subsidiary of Qimonda AG. In the planned cooperation, Qimonda will contribute its existing know-how in silicon-based mass production, as well as important access to silicon supply. Centrosolar will contribute its expertise with solar systems and the sales and distribution of solar modules.
Subject to approval by the relevant authorities, the commencement of construction is scheduled for mid 2008. The facility is scheduled to be ready for equipment early in 2009 and to start production in the second half of 2009.
SOURCE: Qimonda AG