Solar energy: NXP, Tata BP join hands
NXP Semiconductors, the independent company founded by Philips, has announced a development partnership with Tata BP Solar India Ltd., the joint venture of BP Solar and Tata Power, under which Tata BP intends to use NXPs electronic solutions for solar applications.
K Subramanya, CEO of TATA BP Solar, and Rene Penning de Vries, CTO of NXP Semiconductors disclosed that the two companies have signed a Letter of Intent to roll out electronics controls products starting 2010. Both companies are looking at a long-term partnership that will see the development of a range of products.
Commenting on the partnership Subramanya said, “Given the high level of sunlight across India and in view of the country’s ever increasing power demands, solar power is an economically efficient and environmentally sustainable source of energy. We look forward to introducing these products to a substantial number of households over the next three to five years.”
Sharing his views Penning de Vries added, “This kind of innovation is a perfect example of how the semiconductor industry is moving away from following the path of Moore’s Law. We’re not simply building faster and more complex systems, we’re now looking at inventive and very innovative ways to reduce power consumption and move the semiconductor industry to a whole new level. ”