Notice of Memorandum of Understanding with Saudi National Industrial Cluster Development Program and Saudi Aramco2016-09-01
September 1st, 2016
Showa Shell Sekiyu, K.K.
Solar Frontier, K.K.
Notice of Memorandum of Understanding with Saudi National Industrial Cluster Development Program and Saudi Aramco
Kingdom of Saudi Arabia announces feasibility study
into the possibility of producing CIS thin-film solar panels.
Tokyo, September 1st, 2016 - Showa Shell Sekiyu, along with 100% owned subsidiary company and the world’s largest CIS solar energy solutions provider, Solar Frontier, today announced that they had signed a Memorandum of Understanding with Saudi Aramco and the Saudi Arabian National Industrial Cluster Development Program (NICDP). The MoU stipulates that all three companies along with the Saudi Arabian government will conduct a joint feasibility study into the possibility of CIS solar panel production in the Kingdom. The Kingdom of Saudi Arabia is currently promoting its economic reform initiative known as Vision 2030 and as part of that, the Kingdom intends to conduct this joint feasibility study to research the technological and economic aspects of CIS thin-film solar panel production in the Kingdom.
The Showa Shell Sekiyu Group has various interests and deep ties with the Kingdom of Saudi Arabia as well as Saudi Aramco and is deeply appreciative of this significant opportunity for the joint feasibility study. Further developments will be announced depending on the results of this joint feasibility study.
About Showa Shell Sekiyu K.K.
Showa Shell Sekiyu K.K. is listed on the Tokyo Stock Exchange and has roots dating back more than 100 years in the downstream energy business.
About Solar Frontier
Solar Frontier is the world’s largest provider of CIS solar panels, system solutions and services. Our solar panel technology delivers economical and environmental advantages in real-world conditions – where it counts - and our solutions range from innovative rooftop systems to professional power plant development services. We harness the power of the sun to provide a cleaner, more comfortable life for all.
Solar Frontier K.K. is, a 100% owned subsidiary of Showa Shell Sekiyu K.K. (TYO:5002) (“Solar Frontier”) and is headquartered in Tokyo, Japan. Visit http://www.solar-frontier.com/eng/ or follow us on Twitter or LinkedIn.
For Solar Frontier global media inquiries, please contact:
Satoshi Yoshida or Akane Yamiya
Corporate Communications Department, Solar Frontier
Tel: +81 (3) 5531-5792