Jusung Engineering Co. Ltd., a supplier of technology and tools for cell production, and MEMC Singapore Pte. Ltd., an affiliate of MEMC Electronic Materials Inc., have entered into a partnership agreement to build and operate a high-efficiency solar cell production facility.
The strategic partnership will be a 50/50 joint venture between Jusung and MEMC. The initial 100 MW of capacity is expected to begin commercial production in the first half of 2012. The partnership will combine MEMC's proprietary Solaicx CCZ (Continuous Czockhralski) monocrystalline wafers with Jusung's cell manufacturing equipment.Â
According to the companies, the partnership is expected to require upfront capital of $16 million per partner.