SolarThinFilms Signs MOU for Chinese Manufacturing Plant

SolarThinFilms, Inc. has signed a Memorandum of Understanding with China Singyes Holding Limited to build a 100-megawatt (MW) thin-film module manufacturing facility in China.

Under the MOU, SolarThinFilms will supply equipment, technology and general engineering and design support. The company will also own the rights to market and distribute building integrated photovoltaic (BIPV) products outside of China. SolarThinFilms expects to install manufacturing equipment through 2011. Equipment installation is expected to commence as early as the fourth quarter of 2008. The initial production and sale of BIPV products could begin in 2009.

“This proposed arrangement with China Singyes could be a significant step forward in our goal to become a leader in supplying cost-effective, thin film photovoltaic module manufacturing equipment,” said Peter Lewis CEO of SolarThinFilms.

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