This agreement is the result of more than 15 years of strong collaboration in the solar photovoltaic sector; and aims to increase the market share of both companies worldwide under a single brand, TAMESOL.
TAMESOL (Tamesol building a green future SL) is active in the production and sale of high efficiency panels; TIDE Solar (Tide solar technology, LTD) is active in the supply of components for the manufacture of solar panels (silicon wafers, photovoltaic cells, and other components), as well as their manufacture.
A workforce of more than 210 employees and an accumulated turnover (of both companies) which in 2022 exceeded one billion EUROS are the figures for this merger.
They currently have a production capacity of more than 4 million panels per year, in their factory located in the Chinese city of Hefei. The opening of its new factory in the Philippines (Manila) is planned for the middle of 2023.
Within its roadmap, it is defined to enter the classification TIER1 (the most valuable list of PV modules done by bloomberg) , a strong entry into the American and European markets, and a possible European manufacturing at the expectative of the rebates provided by the European Commission within the framework of project A “Green Deal Industrial Plan for the Net-Zero Age” presented on March 16, 2023, y the European Commission that aim to promote the European solar industry.
CEO TIDE Solar