<article>Thailand based media company <a style="color: #000080;" href="http://www.demetercorporation.com/">Demeter Corporation (DCORP)</a> is in talks with solar panel giant <a style="color: #000080;" href="http://www.yinglisolar.com/en/products/manufacturing">Hainan Yingli New Energy Resources </a>Co for a joint venture to manufacture solar panels in Thailand.</article>

Thailand based media company <a style="color: #000080;" href="http://www.demetercorporation.com/">Demeter Corporation (DCORP)</a> is in talks with solar panel giant <a style="color: #000080;" href="http://www.yinglisolar.com/en/products/manufacturing">Hainan Yingli New Energy Resources </a>Co for a joint venture to manufacture solar panels in Thailand.
DCORP&#8217;s intends to switch to the renewable energy industry as its core business instead of the media.
The company expects to finalise teh deal with details, including the shareholding structure, production capacity and investment value in January, and plans to commence operations in the fourth quarter next year, DCORP’s managing director Apichet Bhusry said in the statement.
“We have signed a MOU with Hainan Yingli. However, we have not agreed yet about the investment but we have the same vision to be a major player from upstream to downstream in the renewable energy in Thailand,” he said.
Initially, it expects the internal rate of return (IRR) of 10-20 per cent in the first phase. If demand is rising, the IRR will be higher in the second phase.
Listed on the stock exchange in the United States, Hainan Yingli is one of the world’s top three solar cell manufacturers and has the offices in over 30 countries. It recorded the sales of more than 60 million solar cells with a combined production capacity of 14 gigawatts, installed in 90 countries around the world.
In October, DCORP had acquired a 25-per-cent stake in wind power generator Windchai Co from K-Shipping Co for 171.25 million baht.
DCORP expects that its diversification into energy business will pay out its accumulated loss of 379 million baht. The managing director said that the company had further plans for generating more income, but refused to disclose them.
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Thailand: DCORP forms JV with China's solar panel maker

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