Perfectenergy International Ltd., a designer, manufacturer and marketer of photovoltaic solar cells, modules and systems, has acquired land in the Shanghai Zizhu Science-Based Industrial District of Shanghai, China. On this land, Perfectenergy will build two new solar cell production facilities with 200 MW of total new production capacity upon its completion.
The company says construction is expected to begin on the facility in June 2008, and Perfectenergy received significant land and tax concessions from the Shanghai government to support this expansion of its business.
"The new facility will enable our business to meet our worldwide customers' rapidly growing demands for solar products and accelerate our leading product development activities," says Jack Li, CEO of Perfectenergy." This also demonstrates Shanghai's continued support and recognition of the importance of solar power."