Panasonic released , in which she announced the cancellation of all agreements with the Chinese solar panel manufacturer GS Solar. Moreover, Panasonic does not rule out "the possibility of suing GS Solar for breach of contract." GS Solar has been producing low-cost solar panels for more than a decade, and its alliance with Panasonic promised a lot of interesting things for frugal builders of home solar farms. Alas, it didn't work out.
The joint venture agreement between Panasonic and GS Solar was signed in mid-May last year. In the new joint venture, the Chinese company was supposed to own 90% of the shares, and Panasonic - 10%. Both companies produce solar panels on cells of the same type - with heterojunction, which combine photovoltaic cells based on amorphous and single-crystal silicon. This gives them properties such as high conversion efficiency and resistance to temperature fluctuations.
The joint venture between Panasonic and GS Solar was to be located in Japan, and its production base was to be Panasonic's Malaysian plant or Panasonic Energy Malaysia. As Panasonic reports today, GS Solar has not fulfilled the agreements stipulated by last year's agreement. Moreover, the Japanese even made a discount on the SARS-CoV-2 coronavirus pandemic, but they did not wait for a proper reaction from the Chinese side.
It should be said that the solar panel business is experiencing difficulties not only in China. So, in the spring of this year, Panasonic made an independent decision to stop the production of solar panels in the United States. In particular, in this direction together with Tesla. The business of producing solar panels and deploying solar power plants is based mainly on state subsidies and feed-in tariffs, and since 2019 the difficult economic situation has forced many states to curtail subsidies in this direction.
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Source: 3dnews.ru