XinAo Enters Solar Market with Contract for Applied Materials' SunFab Thin Film Line

XinAo Group announced its entry into the solar energy market with its plan to establish China’s leading photovoltaic (PV) module production line.

As part of this strategy, XinAo has signed a contract with Applied Materials, Inc. for an Applied SunFab™ Thin Film production line with state-of-the-art PV technology using 5.7m2 glass substrates. With an optional tandem junction upgrade, the line will be capable of producing modules to generate more than 50MW of electricity, as the first phase of a planned 500MW capacity plant in China.

XinAo celebrated the signing of this contract at an event on November 13, 2007, attended by Mr. Wang Yusuo, chairman of XinAo and Franz Janker, executive vice president of Applied Materials.

Mr. Wang commented, “Photovoltaic module manufacturing is a very important part of our strategy to provide clean energy to China and other countries of the world. We are leveraging our history of innovation and experience in energy production and utilization to develop this renewable alternative energy solution at competitive pricing. We have selected Applied Materials as a key contributor to this project because of its leadership in ultra-large area processing and its successful 23 year history of providing systems and support to China’s semiconductor manufacturers.”

600450 XinAo Enters Solar Market with Contract for Applied Materials' SunFab Thin Film Line
Date: 20 November 2007
Source: Yahoo

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