Tianjin
Lishen
Battery
is
a
subisidary
of
CNOOC,
China’s
third-biggest
oil
company.
The
new
business
will
be
called
Isofoton
Lishen
New
Energy.
CNOOC
will
invest
$300m
in
the
projects,
according
to
a
statement
from
Malaga-based
Isofoton,
which
completed
a
high-concentration
PV
(HCPV)
plant
in
Gormud,
China
last
year.
The
Spanish
company
says
CNOOC
will
bring
technology
for
developing
batteries
on
a
large
scale
to
the
venture,
as
well
as
funding.
“Working
in
China
with
the
support
of
a
leading
company
in
the
energy
sector
will
allow
us
to
enter
China
through
the…
