DuPont, GD Solar Ink Strategic Deal
DuPont China Holding Co., Ltd., the Chinese subsidiary of DuPont (DD), has entered into a strategic cooperation agreement with GD Solar Co., Ltd. (GD Solar). The collaboration was formed to advance photovoltaic technology, improve solar power output, quality and reliability of solar energy systems to meet the world’s growing energy needs.
Pursuant to the deal, DuPont will work with GD Solar on the research and development of materials applied to GD Solar panels and systems. DuPont will provide key photovoltaic materials to GD Solar and will help to optimize the latter’s performance and application for high-efficiency solar cells and panels, integrated frames, new protective backsheet constructions and other system components.
The partners will conduct field research on panel reliability and failure modes to learn more about materials’ critical impact on the daily operation of solar systems. Through such research studies, the partners further plan to improve the power output, quality and reliability of solar panels. It will help lower overall system costs by spurring broader and faster adoption of solar energy.
A common goal binds DuPont and GD Solar, which is their commitment to help the solar energy industry provide a long-term, sustainable and positive energy source to meet the fast-growing needs of the global population.
Established in Apr 2010, GD Solar is a wholly-owned enterprise of Guodian Technology & Environment Group Corporation Limited. It is a technology-based enterprise with silicon wafer, cell, and components manufacturing capacity. It also holds engineering, procurement and construction capabilities for solar projects.
DuPont carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry having favorable Zacks Rank are Cytec Industries Inc. (CYT), Northern Technologies International Corp. (NTIC) and PPG Industries Inc. (PPG). All of them carry a Zacks Rank #2 (Buy).
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