DuPont Apollo Ltd. Opens Thin-Film Photovoltaic Production Facility
Company Enters Module Manufacturing to Meet Fastest Growing Segment of Solar Market
| ||Contact: Dan Turner|
SHENZHEN, China, Nov. 17, 2009 - 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.
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