Shell and Saint-Gobain form joint venture to develop next generation solar panel production
27/11/2006 - Shell Erneuerbare Energien GmbH (’Shell’) and Saint-Gobain Glass Deutschland GmbH, announce their joint venture to begin solar power panel manufacturing based on advanced CIS (copper indium di-selenide) technology. The joint venture was recently approved by the European Commission.
The new entity AVANCIS KG will commence construction of the production facilities with operations likely to commence in 2008 in line with current notification procedure. The initial annual capacity of the plant will be 20 MW with options for rapid expansion. When built, the plant will manufacture solar panels, which when installed would power an equivalent of around 6,000 European households additional per year with clean energy. Generating the same amount of electricity from a coal-fired power plant would release about 14,000 tonnes of CO2 per year.
Shell and Saint-Gobain believe that non-silicon based solar technologies such as CIS are well positioned to potentially become competitive with conventional sources of electricity. The joint venture will combine Shell’s CIS technology expertise, supported by eight years of CIS marketing experience, with Saint-Gobain’s global and in-depth know-how of glass processing and building material manufacturing.
Graeme Sweeney, Shell’s Executive Vice-President of Renewables, Hydrogen and CO2 said: “Based on our R&D experience in Munich, where the laboratory line delivered record 13.5% efficiency, we believe this facility can achieve industry-leading performance amongst thin-film technologies. The joint venture is part of our continued commitment to alternative energies. Working with Saint-Gobain, our combined experience makes an excellent fit for joint development of this exciting new technology”.
Jacques Aschenbroich, Executive Vice-President of Saint-Gobain, Flat Glass Division added: “Shell is an ideal partner for us with its years of experience in the solar power market coupled with our expertise in glass manufacturing. It is envisaged that the first plant will be based at our state-of-the-art production facilities in Torgau, Saxony, which has emerged as the best choice among several other locations we have analysed.”
Notes to editors
AVANCIS is the joint venture of Shell and Saint-Gobain, which will develop, produce and market the next generation solar technology, based on Shell’s leading CIS technology.
Flat Glass is one of the five business sectors of the Saint-Gobain Group. Saint-Gobain Group specializes in the design, production and distribution of functional materials for the construction, industrial and consumer markets. Established in more than 50 countries, it achieved in 2005 more than €35 billion sales with around 200,000 employees"
This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions. All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.
The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as “oil in place" that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575 and disclosure in our Forms 6-K file No, 1-32575, available on the SEC website www.sec.gov - opens in new window. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
- Contact Information
- Group Media Relations
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.