Sanan Optoelectronics announced on the evening of August 2 that the company’s 27th meeting of the sixth board of directors reviewed and approved the proposal of the company to establish a joint venture with EMC ORE Corporation.
The company announced that the joint venture operates in the design, development, production, sales, service and distribution of HCPV components and systems for ground solar applications. Among them, the company invested 18 million US dollars in monetary funds, accounting for 60% of the registered capital of the joint venture company; US EMCORE Corporation invested 12 million US dollars in monetary funds, accounting for 40% of the registered capital of the joint venture company.
According to the company, it is now in the process of vigorously promoting economic restructuring such as energy conservation and emission reduction. With the introduction of national support policies, this investment will lay a solid foundation for the company's future sustainable development and have a positive impact on the company's operating profit.
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