Specialist PV manufacturing equipment supplier Singulus Technologies said that its major CIGS (Copper-Indium-Gallium-Diselenide) thin-film module customer in China, China National Building Materials (CNBM) had secured a minority interest in the company.
Singulus said that CNBM had secured approximately 1.5 million shares in the company from external existing shareholders, accounting for around 16.8% of the current 8.9 million issued shares with external shareholders.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
The acquisition of the shareholding by CNBM has yet to be approved by Chinese government agencies and the relevant competition authorities.
CNBM has plans for four CIGS thin-film module production plants in China. The first plant has already been completed and commissioned, while the second plant tools have already been ordered. Singulus expects orders for the next two fabs in 2018.
