EPOD to Acquire 8 MW Solar Thin Film Plant

EPOD International signed a Letter of Intent to acquire the entirety of a thin-film solar panel manufacturing facility with 8 MW of existing chamber capacity. The deal is subject to financing and approval by EPOD’s board of directors. The company would not disclose the second company involved.

“Solar panel production and sale is becoming an increasingly larger part of EPOD’s business model as a majority of our panel sales also result in the sale of EPOD inverters, power management, and the balance-of-system components. We look forward to continuing to increase our panel manufacturing capabilities and to building a world-class portfolio of renewable power generating capacity,” said Mark Roseborough, EPOD President. EPOD intends these to use sales as an opportunity to convert EPOD Renewable Utilities into an Income Trust. EPOD Renewable Utilities has been set up to own and operate electricity production and sale from solar and wind. In another announcement, installation was to begin in February 2006 of EPOD’s solar power system sale, which was approved last January 2005 by the California Energy Commission (CEC) as a qualified renewable energy power generation system. At that time, the approval of EPOD’s solar power system was said to be the first of many such approvals expected during 2006, increasing EPOD’s opportunities to proliferate its solar power technology in California.
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