New thin-film solar enterprise, China Solar Power (Holdings) Ltd (CSP),
in collaboration with Tano China Capital Management, Inc. (TCCMI), and
Tano China Private Equity Fund II (TCPEF II), has signed an agreement
with ULVAC, Inc. of Japan to establish two thin-film solar
manufacturing lines with an annual capacity of 50MW. ULVAC will supply
the turnkey lines as well as the tandem junction process technology.
“We are all very excited to have formed this strategic
alliance,” said Charles E. Johnson, Co-Founder and Managing Director,
China Solar Power. “We have spent the last twelve months evaluating
emerging thin film solar technologies, and believe that by partnering
with ULVAC, a research and development oriented design and turnkey
manufacturer with impeccable credentials, we will quickly be in
position to realize our goal of becoming the leading manufacturer of
thin film solar modules in China.”
CSP was formed in 2007 and plans to build its first plant in Yantai, China.