Dateline 2019-08-08, PV Magazine:
Pestech International Bhd, a power system engineering and technical solutions provider, has signed a memorandum of understanding with Chinese inverter manufacturer Sungrow to jointly develop floating PV solutions, according to a filing with the Malaysian stock exchange.
“The parties intend to explore the possibility of complementing each other’s core competencies, technical capabilities and references to cooperate jointly on exploring floating solar system solution, localization of parts and other possible co-operations in Southeast Asia,” the filing reads.
They also plan to use their respective networks to develop floating PV plants, Pestech added. “If the parties agree to jointly bid for a project, the parties shall further discuss to agree on the type of co-operation,” it said.