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BeyondPV will be manufacturing solar strip modules for ClearVue as the companies project sales of 200,000 solar strips for 2020.
ClearVue Technologies (ASX:CPV), a solar energy company announced that it has signed an memorandum of understanding (MOE) with BeyondPV, based in Taiwan. Together, the two companies signed a supply agreement, where BeyondPV will be manufacturing the solar power modules for ClearVue.
As quoted in the press release:
Key aspects of the OEM Supply Agreement are as follows:
• BeyondPV to invest USD $3.5m (indicative) in establishing a dedicated production line to produce ClearVue’s solar strip modules for ClearVue, for integration by ClearVue and its licensees into the ClearVue IGU and smart façade products. Such investment and the line establishment has already commenced;
• BeyondPV to provide ongoing R&D activities for continuous improvement of the ClearVue product and technology during the OEM supply term;
• BeyondPV and ClearVue to work cooperatively to maximize the solar strip shipments for ClearVue and its licensees project developments. The target of solar module strip shipment volumes in 2020 is to be greater than 200,000 strips;
• BeyondPV to co-operate on further development of high-quality high-performance solar modules for use and deployment into ClearVue’s IGU and façade products (and those of its licensed manufacturers);