SAAE to set up PV subsidiaries in Europe and North America
Shanghai. February 17. INTERFAX-CHINA - Shanghai Stock Exchange-listed Shanghai Aerospace Automobile Electromechanical Co. Ltd. (SAAE), a photovoltaic (PV) and automotive electronics manufacturer, announced on Feb. 17 that it plans to establish two PV subsidiaries in order to expand its presence in Europe and North America.
According to the announcement, the company plans to build PV projects overseas with 50 megawatts (MW) of installed capacity this year.
The company's total installed PV power capacity is expected to reach 225 MW over the next three years.
-TW