Jolywood (Taizhou) Solar Technology Co. Ltd ("Jolywood" or "the Company"), a leader in the research and development, mass production of N-type Bifacial solar cells, has signed a cooperation agreement ("the Agreement") with IMI Industries Co., Ltd ("IMI Group"), a Thai engineering company. Through the Agreement, IMI Group will distribute Jolywood's premium Double-Glass Bifacial Photovoltaic Solar Panels to the Thai market. This marks the first time that Jolywood will partner with a Thai distributor as part of its push to enter the Southeast Asian market.
IMI Group has 30 years of expertise in heavy process control for power generation and the oil & gas industries, and also operates as an Engineering Procurement Construction (EPC) company for floating, ground- and rooftop-based solar power stations. The solar panels that Jolywood will supply are known for being highly efficient, and will be utilized in the construction of local Thai solar projects.
Mr. Liu Yong, Vice President of Jolywood, said, "Southeast Asia has a maturing solar market with the potential to grow significantly in the next 10 years. IMI Group has extensive experience working with top-tier clients and has the capability to effectively advance our value-added technologies. Holding hands together, we look forward to building a greener lifestyle for customers throughout the region."
Mr. Sudhee Raksantiphab, IMI Group Founder and Managing Director said, "We are very pleased to establish this partnership with Jolywood. IMI is careful to only select products with leading technologies to offer to our esteemed list of clients. We see the Jolywood product line, and their strategy of producing only top-of-the-line solar power equipment, as being an excellent fit with IMI's vision to provide our customers with solar power facilities featuring the best levelized cost of electricity (LCOE) on the market."
Based on the agreement, Jolywood and IMI Group are targeting at a total sales goal of 100 megawatts (MW) modules for the Thai market, and 200 MW for the broader Southeast Asian region.
About IMI Industries Co., Ltd
IMI Industries was established in 1989 by a group of highly experienced engineers. Since then, it has grown to be one of the most reputable engineering and distribution companies in Thailand. They provide a complete package, from design, to supply, to installation, and aftermarket services. IMI Industries has a list of clients in power generation, oil & gas, pulp & paper, food & beverage, water & waste water, general industries, cement, steel, chemical, consumer, schools, technology colleges, universities, and national armed forces.
For more information, please visit: http://www.imi-industries.com/
About Jolywood (Taizhou) Solar Technology Co. Ltd.
Jolywood (Taizhou) Solar Technology, a wholly-owned photoelectric technology subsidiary of Jolywood (Suzhou) Sunwatt Co. Ltd., is engaged in the research & development, production and marketing of solar cells, solar energy, silicon, and technical advisory services. The company has been accumulating new technologies since its founding and has applied for over 60 patents to date, with 23 of them having been successfully granted. Founded in 2008, Jolywood (Suzhou) Sunwatt Co. Ltd., is the largest professional manufacturer of PV backsheet worldwide, with an annual production capacity of over 100 million meters. The company also tops the global solar industry with 2.1GW in manufacturing capacity of n-type bifacial solar cells.
For more information, please visit: http://en.jolywood.cn/
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