China Sunergy (CSUN) and Pythagoras Solar, an Israeli provider of building integrated photovoltaic (BIPV) products, announced the signing of an agreement to co-market and advance the development and scale manufacturing of BIPV products from 2010-2015 in China. Research firm NanoMarkets estimates that the BIPV market could increase more than 10-fold to $8 billion by 2015. Pythagoras is an interesting company which is leading the way in creating solar energy producing windows and this partnership hopes to accelerate the adoption of this exciting technology.
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“This is an exciting time to be expanding our business in China and we feel that China Sunergy will be a strong partner to help us take advantage of the burgeoning demand for BIPV products and the high-growth Asian markets,” said Gonen Fink, Founder and CEO, Pythagoras Solar. “China Sunergy provides us with the opportunity to quickly scale manufacturing capacity in a joint effort that will maximize the potential of our respective technologies and strengths. We believe that the triple value benefits of our PVGU products will help transform the green building industry and help in making energy efficiency a reality for the mass commercial market.”