Houyi PowerGen of Taipei are set to acquire a 40% stake in a Indian solar panel manufacturing company.
Online PR News – 20-February-2020 – TAIPEI – Consistent with the desire to revitalize the high-technology manufacturing sector, Houyi PowerGen plans to inject fresh capital into the India facility and implement leading-edge, high-efficiency solar panel manufacturing technology.
Houyi PowerGen’s Chief Investment Officer commented on the investment saying "We are thrilled to announce this agreement to acquire a stake in an emerging technology market in a booming country like India. The time is right for Houyi PowerGen to invest in Indian manufacturing, and this provides a great platform for us to implement our advanced solar panel manufacturing technology.”
Houyi PowerGen’s Chief Executive Officer also commented on the acquisition saying “We are thrilled about this acquisition as it means quite simply, that our company can look forward and continue to innovate and expand into the future, helping to reshape solar manufacturing industry in india."
Houyi PowerGen plans to invest in factory improvements and increased working capital, while retrofitting a portion of the facility to produce solar panels.
About Us - Houyi PowerGen
Houyi PowerGen is a solar power researcher, developer and manufacturer based in Taiwan and is one of the most innovative companies in the energy industry. At Houyi PowerGen, we believe that clean, solar generated electricity that is affordable is essential to combating climate change. It is already becoming a major piece of the global energy mix and is set to experience massive growth over the coming years and decades.
Houyi PowerGen delivers exceptional solar PV energy solutions by integrating our expertise, technology and services vertically throughout the solar energy chain, making a world powered by affordable, reliable solar generated electricity a reality. We are one of the leading companies helping to mesh solar power into the world’s energy mix, providing innovative solutions to modern energy concerns such as the reliability of fuel supply and corresponding price volatility, as well as climate change. Houyi PowerGen’s innovative solar energy solutions are not exposed to the same volatility risks associated with fossil fuels and deliver electricity at a price that is highly competitive.
Houyi PowerGen’s maintains its leadership position in solar PV thanks to innovations delivered by the vast knowledge and technical experience of our researchers and engineers. Recruitment of the world’s top people has been a core principle behind Houyi PowerGen’s success. We rely on the deep talent and expertise of our employees, our associates and partners, who have considerable knowledge of both the conventional and renewable energy industries to provide our end users with cost effective sources of energy that can be relied upon to deliver on their needs.