Taiwan-based solar wafer makers Sino-America Silicon Products Inc. (SAS) quoted that it had signed a Memorandum of Understanding (MoU) with Huawei Technologies Co.
The MoU was signed by SAS inorder to acquire rights to pay money for solar inverters made by the leading Chinese firm Huawei for its solar power plants, and for using at its own projects and distributions.
Under the stipulations of this newly signed MoU, the inverters, manufactured by Huawei Technologies, will be purchased by SAS and employ in their own solar powered projects. The Taiwanese sector SAS is now focusing on apprising a number of deals with potential partners for developing a photovoltaic plant. As per the statement on SAS website, this PV plant will be build both at Taiwan and some foreign nations.
The deal is actually a part of Huawei Technologies' efforts to mark a good position within the supply chain. The SAS will help in distributing the solar inverters of Huawei, outfitted with smart solar grid software. This software is designed to allow the solar power plant operators to work on increasing the efficiency of the plant. Also, a remote monitoring through smartphones is also incorporated in it.
SAS is expecting the company's first solar power plant to begin its commercial operation by the end of this year. This plant is located in the Philippines, and is expected to have an installed capacity of 50 megawatts.
SAS is also planning to spend more than $88 million, entirely on manufacturing equipment and as investments for solar power plants this year. At the start of this year, SAS chairman Lu Ming-Kuang also told the investors that the global solar installation market will focus on expanding to produce 65 gigawatts this year. This move by SAS will help in improving Huawei's production as well.