Jolywood (Taizhou) Solar Technology Co. Ltd has signed a cooperation agreement with IMI Industries Co., Ltd, a Thai engineering company.
Through the Agreement, IMI Group will distribute Jolywood’s premium Double-Glass Bifacial Photovoltaic Solar Panels to the Thai market. This marks the first time that Jolywood will partner with a Thai distributor as part of its push to enter the Southeast Asian market.
IMI Group has 30 years of expertise in heavy process control for power generation and the oil & gas industries, and also operates as an Engineering Procurement Construction (EPC) company for floating, ground- and rooftop-based solar power stations. The solar panels that Jolywood will supply are known for being highly efficient, and will be utilized in the construction of local Thai solar projects.
Liu Yong, Vice President of Jolywood, said, “Southeast Asia has a maturing solar market with the potential to grow significantly in the next 10 years. IMI Group has extensive experience working with top-tier clients and has the capability to effectively advance our value-added technologies. Holding hands together, we look forward to building a greener lifestyle for customers throughout the region.”
Sudhee Raksantiphab, IMI Group Founder and Managing Director said, “We are very pleased to establish this partnership with Jolywood. IMI is careful to only select products with leading technologies to offer to our esteemed list of clients. We see the Jolywood product line, and their strategy of producing only top-of-the-line solar power equipment, as being an excellent fit with IMI’s vision to provide our customers with solar power facilities featuring the best levelized cost of electricity (LCOE) on the market.”
Based on the agreement, Jolywood and IMI Group are targeting at a total sales goal of 100 megawatts (MW) modules for the Thai market, and 200 MW for the broader Southeast Asian region.