Jolywood (Taizhou) Solar Technology Co. Ltd ("Jolywood" or "the Company"), a leader in the research, development, and mass production of N-type bifacial solar cells, has signed a cooperation agreement ("the Agreement") with the Australian solar company Golden Invest Pty Ltd. The cooperation marks a further step for Jolywood in penetrating the Australian market by providing local energy projects with N-type bifacial solar cells.
Per the agreement, Golden Invest will develop power projects with a total capacity of 100 MW in Australia, which will exclusively utilize N-type bifacial solar modules manufactured and supplied by Jolywood. The N-type Bifacial Solar Cells meet their requirements, as they bolster stronger resistance to LID, maintain better performance under weak illumination and have a lower cost compared to other options such as P-type modules.
Cao Xiaorong, General Manager of Jolywood Overseas Sales, said, "We are thrilled to work with Golden Invest, which has rich experience in developing solar power projects in Australia. This partnership is yet another recognition of the quality and value of our N-type bifacial solar products from a global company."
Jolywood and Golden Invest have successfully collaborated before. The first project that they completed together in Renmark, SouthAustralia, generates 248 KW of electricity using Jolywood's N-type bifacial solar cells. Based on the actual amount of power generated and other performance data tracked, the modules deliver high efficiency with longer power generation time and better performance in weak light condition. Mark Yates, General Manager of Golden Invest, has expressed great confidence in the future sales potential for the N-type bifacial solar modules in the Australian market.
Golden Invest is a leading Engineering Procurement Construction (EPC) company that also invests and develops solar energy and energy storage in Australia. Its director Mark Yates has 14 years' experience in project development and management. By the end of 2017, Mark Yates had successfully accomplished the development, design and installation of projects delivering a combined capacity of 200MW.
Jolywood has been actively exploring international markets in recent years. Apart from this Agreement, it signed a distribution agreement with IMI Industry in Thailand last year and just entered into a business partnership with Solar Systems from Ukraine. "We hope, through more global cooperation opportunities, that we can help more communities and people build a greener future," said Cao.
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