California-based
SunPower
will
form
a
joint
venture
company
with
Tianjin
Zhonghuan
Semiconductor
(TZS),
Inner
Mongolia
Power
Group
(IMP)
and
Hohhot
Jinqiao
City
Development
Company
(HJCD).
The
JV
business,
based
in
Hohhot,
Inner
Mongolia
will
manufacture
and
install
C7
systems,
which
combine
Sunpower’s
high-efficiency
PV
cells
with
parabolic
mirrors
and
a
single-axis
tracker.
SunPower
chief
executive
Tom
Werner
says
it
expects
to
shift
"significant
volumes"
in
the
fast-growing
Chinese
solar
market.
The
US
company
will
invest
$15m
in
the
JV
in
return
for
a
25%
stake.
Provided
final
approval
is
received
by
the…
