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Italy's Bee Solar, China's Huasun collaborate on photovoltaic panel components

Milanbased Bee Solar and China's Huasun have actually signed a cooperation contract in the photovoltaic sector, Italy's market ministry said on Friday, including that the offer became part of a more comprehensive alliance with the Chinese market ministry.

Chinese solar components dominate the market in Europe due to their price, fuelling worries that the continent could be over-reliant on Beijing's products and technologies to meet its decarbonisation goals.

To alleviate the threat, the Italian federal government has backed efforts by domestic solar element producers and is brokering alliances with Chinese producers.

This partnership fully responds to the objective that our countries mean to achieve in the field of green technologies, Italy's Market Minister Adolfo Urso said in a statement.

Bee Solar intends to set up a photovoltaic production center in Italy using Huasun's innovation and knowledge. The building and construction of the website is anticipated to start by March 2025.

Meanwhile, Huasun is interested in enhancing its position in the European market through cooperation with Bee Solar, the ministry stated.

The arrangement was signed following Italian Prime Minister Giorgia Meloni's trip to China previously this week, which has already led to the finalizing of an offer between EuroGroup Laminations and Hixih in the automotive field.

Other arrangements in the green innovation sector may be revealed in the coming days.

(source: Reuters)