AUO to Establish a PV Investment Platform with Insurance Companies

published: 2014-04-08 15:15 | editor: | category: News

AU Optronics Corp. (AUO) announced on March 7th that it has established a PV investment platform called “Star River Ltd.” (星河, tentative translation by EnergyTrend) with several Taiwan-based insurance companies. In the future, AUO and other investors can invest in and operate Taiwanese PV industry through this platform.

Star River’s initial actual receipt capital is TW$540 million and AUO shares 35% of it. AUO emphasizes that Star River is a comprehensive service platform to build a more complete supplying chain includes poly-Si, ingot, wafer, PV cells/modules and PV system installing services as well as PV power plant construction.

Sengin PV power plant, the largest rooftop PV system installation project belonging to AUO in Taichung, Taiwan, will become a part of Star River. Sengin project is the first rooftop large-scale project constructed on a factory in Taiwan, and the full capacity will be 20MW (13.3MW completed until now).

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