Saint-Gobain steps up growth in renewable energy

As part of its development strategy for solar energy, Saint-Gobain is acquiring Shell's share of Avancis, a joint venture between the two companies, according to an Aug. 12 release.

Avancis has developed highly competitive technology for thin-film CIS (Copper, Indium and Selenide) to manufacture photovoltaic modules. With an annual capacity of 20 megawatts, the company's first plant is already operating in Torgau, Germany. This extremely promising technology necessitates expertise in glass coating and in glass thermal treatment, two processes belonging to the core portfolio of Saint-Gobain, a worldwide leader in flat glass for the building and automotive industries.

Saint-Gobain intends to accelerate the industrial development of Avancis.

Read the full release.