News Article
TGI Solar Creates Joint Venture
The company formed a joint venture with Oriental Energy Group to target China's renewable energy market.
TGI Solar Power Group, a supplier of vertically integrated solar systems for a variety of applications ranging from solar parks (solar to grid) to commercial markets, announced it has formed a joint venture with Hong Kong based Oriental Energy Group (OEG) to target China's renewable energy market, under the name SOLAR POWER CHINA CORPORATION LTD.
"TGI and OEG have signed a memorandum of understanding (MOU) that outlines plans for co-operation and takes advantage of the first to market position. JV is looking to get 8 to 10 cities started simultaneously," said Ying Wang, managing director of the newly created joint venture. "We are in process of signing LOI for project financing with the following local governments: Shenzhen, Sanya, Liuzhou, Zhanjiang, Wenzhou, Foshan, Dongguan, Tulufan, Leting and Nanning."
The agreement also includes plans to include two manufacturing facilities of 40 MW of thin film panels utilising Solar Thin Films, (SLTN), a developer, manufacturer and marketer of manufacturing equipment for the production of thin film amorphous silicon photovoltaic modules, TGI's affiliated company.
"We are excited to be working with Oriental Energy. This project will pave the way for solar installations throughout China," said Billy Lieberman, president of TGI Solar.
"TGI and OEG have signed a memorandum of understanding (MOU) that outlines plans for co-operation and takes advantage of the first to market position. JV is looking to get 8 to 10 cities started simultaneously," said Ying Wang, managing director of the newly created joint venture. "We are in process of signing LOI for project financing with the following local governments: Shenzhen, Sanya, Liuzhou, Zhanjiang, Wenzhou, Foshan, Dongguan, Tulufan, Leting and Nanning."
The agreement also includes plans to include two manufacturing facilities of 40 MW of thin film panels utilising Solar Thin Films, (SLTN), a developer, manufacturer and marketer of manufacturing equipment for the production of thin film amorphous silicon photovoltaic modules, TGI's affiliated company.
"We are excited to be working with Oriental Energy. This project will pave the way for solar installations throughout China," said Billy Lieberman, president of TGI Solar.
