Belectric, Solar Frontier Create Project-Development Joint Venture


Germany-based engineering, procurement and construction contractor Belectric and Japan-based thin-film PV module manufacturer Solar Frontier have formed a new joint venture company called PV CIStems GmbH & Co. KG.

The company will develop, build and sell both ground- and roof-mounted photovoltaic power plants. PV CIStems is the result of a global framework agreement designed to establish a deeper working relationship between Belectric and Solar Frontier, the companies state.

PV CIStems GmbH, the first operating company under the global framework agreement, will be headquartered in Gruenwald near Munich, Germany, and will operate in Germany. Future PV CIStems operating companies in other countries are expected to be established in response to local market needs and in accordance with local regulations.

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