Jolywood Joins Hands with Golden Invest to Develop Australian Solar Projects

Per the agreement, Golden Invest will develop power projects with a total capacity of 100 MW in Australia, which will exclusively utilize N-type bifacial solar modules manufactured and supplied by Jolywood. The N-type Bifacial Solar Cells meet their requirements, as they bolster stronger resistance to LID, maintain better performance under weak illumination and have a lower cost compared to other options such as P-type modules.

Cao Xiaorong, General Manager of Jolywood Overseas Sales, said, "We are thrilled to work with Golden Invest, which has rich experience in developing solar power projects in Australia. This partnership is yet another recognition of the quality and value of our N-type bifacial solar products from a global company."

Jolywood and Golden Invest have successfully collaborated before. The first project that they completed together in Renmark, South Australia, generates 248 KW of electricity using Jolywood's N-type bifacial solar cells. Based on the actual amount of power generated and other performance data tracked, the modules deliver high efficiency with longer power generation time and better performance in weak light condition. Mark Yates, General Manager of Golden Invest, has expressed great confidence in the future sales potential for the N-type bifacial solar modules in the Australian market.

Golden Invest is a leading Engineering Procurement Construction (EPC) company that also invests and develops solar energy and energy storage in Australia. Its director Mark Yates has 14 years' experience in project development and management. By the end of 2017, Mark Yates had successfully accomplished the development, design and installation of projects delivering a combined capacity of 200MW.

Jolywood has been actively exploring international markets in recent years. Apart from this Agreement, it signed a distribution agreement with IMI Industry in Thailand last year and just entered into a business partnership with Solar Systems from Ukraine. "We hope, through more global cooperation opportunities, that we can help more communities and people build a greener future," said Cao.

About Golden Invest Pty Ltd.

Golden Invest Group is a pioneer investing company specialized in renewable energy. The company is based in Adelaide, South Australia. It has built close relationships with local councils and SAPN (South Australia Power Networks). Golden Invest started a joint venture company Green Gold Energy with Yates Electrical Services, which had more than 10 years' experience in solar energy. Green Gold Energy is specialized in solar PowerStation EPC. It has opened grounds and shaped the SA solar industry. Golden Invest currently holds numerous solar projects and has more than 20 on-going solar projects in its subsidiaries. Golden Invest is a young yet experienced and fast-growing company. It is leading the industry and will continue to for the next decade.

About Jolywood (Taizhou) Solar Technology Co. Ltd.

Jolywood (Taizhou) Solar Technology, a wholly-owned photoelectric technology subsidiary of Jolywood (Suzhou) Sunwatt Co. Ltd., is engaged in the research & development, production and marketing of solar cells, solar energy, silicon, and technical advisory services. The company has been accumulating new technologies since its founding and has applied for over 60 patents to date, with 23 of them having been successfully granted. Founded in 2008, Jolywood (Suzhou) Sunwatt Co. Ltd. is the largest professional manufacturer of PV backsheet worldwide, with an annual production capacity of over 100 million meters. The company also tops the global solar industry with 2.1GW in manufacturing capacity of N-type bifacial solar cells.

For more information, please visit: http://en.jolywood.cn/

Photo - https://photos.prnasia.com/prnh/20180321/2085533-1