DuPont Apollo Ltd. Opens Thin-Film Photovoltaic Production Facility
Shenzen, China November 17, 2009
Company Enters Module Manufacturing to Meet Fastest Growing
Segment of Solar Market
DuPont Apollo Ltd., a wholly-owned subsidiary of DuPont, announced
the opening of its silicon based thin-film photovoltaic module manufacturing
facility. The facility demonstrates the company’s commitment to
reduce dependence on fossil fuels by supporting renewable energy
technologies such as solar energy.
The
538,000 sq. ft. manufacturing facility will have an annual capacity
of up to 50 megawatts with a thin-film-on-glass photovoltaic module
production line. Full-scale commercial production is targeted for
the first quarter 2010. In addition to providing innovative thin-film
photovoltaic modules that are fully International Electrotechnical
Commission (IEC) certified, DuPont Apollo offers a total system
solution focused on the China domestic market to help safeguard
customers’ long-term investments in renewable power generation.
“Next generation solar technologies are a critical market opportunity
for DuPont to deliver more secure, environmentally sustainable and
affordable energy sources for people everywhere,” said David
B. Miller, president -- DuPont Electronics & Communications.
“Through our work in this venture, DuPont will use its science to
produce thin-film solar modules that can help make solar energy
a more viable alternative for everyone.”
Thin-film
photovoltaic modules are projected to be the fastest growing segment
of the solar module industry because of their potential to reduce
the cost of producing solar-derived energy -- helping solar energy
become more competitive with other forms of energy generation. Thin-film
photovoltaic modules are well-suited to commercial rooftops, building
facades, and large-scale solar farm applications. The modules can
also generate more wattage output under diffuse lighting conditions,
achieving a competitive cost/performance ratio. With silicon consumption
of only about 1/200 of traditional crystalline silicon solar cells,
thin-film modules consume less silicon metal, resulting in shorter
energy payback times.
“The facility is unique because this is the first total solar
energy solution provider in China. Under the ‘Shenzhen-Hong Kong
Innovation Circle,’ we have combined our research and development
capability with this state-of-the-art facility to support the continued
growth of the photovoltaic market,” said Douglas W. Muzyka,
president -- DuPont Greater China.
DuPont expects the photovoltaic market will grow rapidly over the
next several years due to a surge in innovation aimed at transforming
a global petroleum-based economy into one that increasingly and
effectively uses non-depletable resources. DuPont expects that overall
sales of its family of products into the photovoltaic industry will
exceed $1 billion by 2012.
DuPont has two independent initiatives in the photovoltaic market.
DuPont Apollo Ltd., established in 2008, and DuPont Photovoltaic
Solutions, a leading material and technology supplier to the industry
with more than 25 years of experience in photovoltaic materials
development and manufacturing serving both the crystalline silicon
and thin film cell and module markets.
DuPont – one of the first companies to publicly establish environmental
goals 19 years ago – has broadened its sustainability commitments
beyond internal footprint reduction to include market-driven targets
for both revenue and research and development investment. The goals
are tied directly to business growth, specifically to the development
of safer and environmentally improved new products for key global
markets.
DuPont is a science-based products and services company. Founded
in 1802, DuPont puts science to work by creating sustainable solutions
essential to a better, safer, healthier life for people everywhere.
Operating in more than 70 countries, DuPont offers a wide range
of innovative products and services for markets including agriculture
and food; building and construction; communications; and transportation.
Forward-Looking Statements:
This
news release contains forward-looking statements based on management’s
current expectations, estimates and projections. The company does
not undertake to update any forward-looking statements as a result
of future developments or new information. All statements that address
expectations or projections about the future, including statements
about the company’s strategy for growth, product development, market
position, expected expenditures and financial results are forward-looking
statements. Some of the forward-looking statements may be identified
by words like “expects,” “anticipates,” “plans,” “intends,” “projects,”
“indicates,” and similar expressions. These statements are not guarantees
of future performance and involve a number of risks, uncertainties
and assumptions. Many factors, including those discussed more fully
elsewhere in this release and in DuPont’s filings with the Securities
and Exchange Commission, particularly its latest annual report on
Form 10-K, as well as others, could cause results to differ materially
from those stated. These factors include, but are not limited to
changes in the laws, regulations, policies and economic conditions
of countries in which the company does business; competitive pressures;
successful integration of structural changes, including acquisitions,
divestitures and alliances; research and development of new products,
including regulatory approval and market acceptance, and seasonality
of sales of agricultural products.
Source: DuPont |