Solar Thin Films Inc. has signed a memorandum of understanding (MOU) with China Singyes Holding Ltd. to build out 100 MW of module manufacturing capacity in China. Under the MOU, Solar Thin Films will supply equipment, technology and general engineering and design support, and retain certain rights outside of China to market and distribute building-integrated photovoltaic (BIPV) products.
‘Pursuant to the MOU, Solar Thin Films expects to install cost-effective thin-film photovoltaic manufacturing equipment through 2011,’ says Peter Lewis, the company's CEO. ‘Equipment installation is expected to commence as early as the fourth quarter of 2008, and the initial production and sale of BIPV products could begin in 2009.’
Solar Thin Films and China Singyes are minority shareholders and board members of CG Solar, a thin-film module manufacturing company located in Weihai, China, that utilizes equipment produced by Solar Thin Films.
SOURCE: Solar Thin Films