06 March 2014 05:48 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Mitsui Chemicals Inc (MCI) is planning to set up a new diagnostics and consulting business related to photovoltaic power generation, the producer said on Thursday.
This follows an agreement with German’s PI Potovoltaik-Institut Berlin, which granted Mitsui Chemicals exclusive rights and licensing technology related to photovoltaic power generation, the Japanese firm said.
“The two companies are working out details of the agreement which will allow MCI to use this knowhow to develop a diagnostics and consulting business related to photovoltaic power generation,” the company said.
Mitsui Chemicals is currently developing one of Japan’s largest photovoltaic and wind power plants, it said.
Construction of the mega photovoltaic power plant, with 50,000 kilowatt hour (kW) of panel output, is scheduled to begin commercial operations in October this year, the company said.
Investment details on the new diagnostics and consulting business were not disclosed.
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