Becoming Chinese and, thus, being placed in the core of the market which is expected to be the fastest growing in the world, was necessary to fulfill our role of global leading supplier of components for the CSP and CPV
Rioglass, a manufacturer of high-end solar receivers and mirrors for Concentrated Solar Power and Concentrated Photovoltaic applications, announced today the signature of an agreement to form a joint venture with partner Tianjin Zhonghuan Electronics and Information Group Co., Ltd.
(TZG) for the manufacturing and deployment of Rioglass´ receiver and precision mirrors products in the Chinese market. The new company named RioHuan, and based in Hohhot, Province of Inner Mongolia, will operate as a subsidiary of Rioglass Solar Holding and Zhonghuan Group.
The investment is due to reach about 33 million USD and create about 95 full time jobs. It has received all support from the government of Hohhot.
Jose M. Villanueva, Chairman and CEO of Rioglass stated: “This is a natural move for Rioglass.
Becoming Chinese and, thus, being placed in the core of the market which is expected to be the fastest growing in the world, was necessary to fulfill our role of global leading supplier of components for the CSP and CPV markets. We are particularly happy with our local partner, the TZ Group, to start this new venture”.
Qin Kejing, vice president of Zhonghuan stated: “We are happy to come into this industry together with Rioglass, and combining Rioglass’s advantages of leading technology, advanced management and rich experience in CSP and CPV field with Zhonghuan’s great market development capability and advantageous resources, we believe our cooperation will be strong and successful”.
China´s solar market is booming and the demand for high-end products of proven suppliers is increasing rapidly. RioHuan will be able to offer bankable products to its Chinese customers to ensure a safe and optimized use for the lifetime of the solar plants. By manufacturing locally, RioHuan will offer the highest performing products against the best price with a long term local commitment essential to its customers.
Awarded the CSP Today Technology Innovation Award twice (2011, 2013), Rioglass, headquartered in Brussels, Belgium, is an international company offering high end receiver tubes and concentrating mirrors for concentrated solar power and concentrated photovoltaic technologies.
Innovation is embedded in the company’s culture. Rioglass was the first company to introduce the tempered parabolic mirrors to the market, as well as the first to commercially deploy heliostat mirror facets with an integrated support structure.
Leaning on a strong engineering experience of over 25 years in the CSP and related industries, Rioglass is now the world leading supplier of concentrating mirrors and CSP receiver tubes, with state of the art production facilities in Spain, the United States, the Middle East and South Africa, as well as a unit under construction in Chile, and with worldwide presence in the CSP and CPV market.
Rioglass offers the best economic solutions based on innovative designs and concepts, combined with a highly automated production capacity to deliver the most cutting edge, top performing products to our customers worldwide.
Tianjin Zhonghuan Electronics and Information Group Co., Ltd. is one of the top 500 enterprises in China and top 10 companies in Tianjin, which is engaged in solar energy, semiconductors, telecommunications, electronics products, etc. Solar energy business becomes the biggest sector of TZ Group recently. This business is undertaken by one of TZ Group’s subsidiaries, Tianjin Zhonghuan Semiconductor Co., Ltd. (TZS), which is a Tianjin-based PRC listed company. TZS is committed to the semiconductor energy-efficiency industry and the new energy industry, and is an integrated high-tech enterprise with research, production, operation and venture capital functions.
TZS main products include vertical pulling monocrystalline, zonemelting monocrystalline, polished wafer, semiconductor power devices and rectifiers used in the semiconductor energy efficiency sector; and monocrystalline silicon used in the new energy sector. These products are widely applied in smart grid transmission, new-energy vehicles, high-speed railways, inverters for wind power, integrated circuits, consumer electronics, aerospace, photovoltaic power, and other areas.