Hui Tong Credit Guaranty, Nanowin Technology invest in solar projects

Published: 08 Jun 2009 21:36:41 PST

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Jun. 9, 2009 (China Knowledge) - Hui Tong Credit Guaranty Co Ltd and Taiwan-based Nanowin Technology Co Ltd signed an agreement over the weekend to invest a total of US$150 million in solar projects in Panzhihua City, Sichuan Province, sources reported.

The investment will be used to fund the construction of a copper indium/gallium selenide (CIGS) thin-film solar cell production line, a photovoltaic station and the related solar energy projects in the city.

The construction will be conducted in two phases. A 50MW CIGS thin-film solar cell production line, with an estimated investment of US$75 million, will be built in the first phrase.

During the second phase, the capacity of the CIGS thin-film solar cell production line will be expanded to 100MW and the 10MW photovoltaic station will complete construction.

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