Apollo Solar Energy Enters Agreement To Build Solar Power Plants

Solar Energy Inc., a refiner and producer of high-purity tellurium, tellurium-based compounds and other metals for the solar photovoltaic industry, has entered into a non-binding collaboration agreement with China Energy Conservation Solar Energy Technologies Inc. (CECS) to build thin-film solar energy power stations. According to the terms of the agreement, both parties anticipate working jointly in three ways: Apollo Solar intends to provide CECS with thin-film solar panels, upon request, on a long-term basis. The parties intend to use the panels in the construction of solar power stations and photovoltaic grid-connected systems. The parties also intend to work jointly to construct solar energy power stations. In addition, CECS intends to acquire the thin-film solar energy power stations that may be built independently by Apollo Solar through its separate financing and technology. SOURCE: Apollo Solar Energy I

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