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Paris, France, Nov. 10, 2006 -- Three power management technology companies have signed a memorandum of understanding (MOU) in the field of photovoltaic power generation.
Under the terms of the MOU, Delta Electronics Inc., its subsidiary DelSolar Co. Ltd., and STMicroelectronics will explore strategic cooperation opportunities with the intention of concluding a strategic partnership in areas such as increasing solar cell production, and developing photovoltaic inverter and power supply applications.
STMicroelectronics is a supplier of semiconductor solutions for power conversion applications. DelSolar is a manufacturer of solar cells. Delta is focusing on photovoltaic inverter design and production.
"The solar electricity market is set to grow. In 2005 the cumulative installed capacity of solar photovoltaic systems around the world passed the landmark figure of 5000MWp. Global shipments of PV cells and modules have been growing at an average annual rate of more than 35% for the past few years and we expect that emerging photovoltaic markets such as China, India, and South Korea will become substantial beyond 2010 and will drive commoditization," noted Carmelo Papa, corporate vice president and general manager of STMicroelectronics's micro, power, analog group.
"We believe that the combination of expertise offered by Delta, DelSolar, and STMicroelectronics... will enable the development of more efficient technologies and products, thereby accelerating the wider use of solar energy," said RC Liang, CEO of DelSolar.
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