Dyesol to commercialise perovskite solar cells in Turkey
Dyesol, an Australian clean-tech company, has signed an agreement with Nesli DSC to introduce and commercialise Dyesol's perovskite photovoltaic technology in Turkey.
The agreement envisages three separate stages of development: prototype, staged manufacture and mass manufacture. The first stage, at arm's length, will occur during 2015 with the establishment of a prototype facility in Turkey underpinned by a $1.9 million contract for supply of prototype equipment.
The next stage should commence in 2016 with the establishment of a pilot line facility. This is expected to produce volumes of PV product in excess of 20,000 square metres. With the successful completion of staged manufacture, mass manufacture is planned to commence in 2018 and expected to produce multi-million square metres annually.
Dyesol has received the activation payment to commence work for the first stage contract, undertaken substantially by its Korean subsidiary Dyesol-Timo. Successful completion of this stage will result in the implementation of a commercialisation strategy, which is expected to result in the formation of a 50/50 joint venture between Dyesol and Nesli DSC.
Dyesol will meet with Nesli DSC and the Development Bank of Turkey (TKB) in January 2015 to agree an implementation plan for commercialisation. Key areas for decision will include government assistance, corporate and organisational structure, and business planning.
Dyesol director, Gordon Thompson commented:"Dyesol has been working closely with Turkish parties for a number of years and it is gratifying to see our common interests captured in an agreement.
"Further, it is very encouraging to have Turkish government interest to help bear the financial risk of development and commercialisation."
