China Solar Power (CSP), a manufacturer of thin film amorphous silicon photovoltaic solar modules, announced that it has signed an investment agreement with Suzhou Industrial Park for its third solar cell manufacturing facility in China.
CSP plans to invest up to $180 million to build an a-Si photovoltaic solar module facility and several technology centers. CSP’s CEO Frank Liu said expects the production base to realize a capacity of 200 megawatts (MW).
CSP’s first thin film PV manufacturing plant, located in the city of Yantai, Shandong Province in Northern China, utilizes production equipment supplied by ULVAC, Inc. (ULVAF.PK) of Japan. It commenced commercial operations in October 2009.
CSP will be the first thin film solar company at Suzhou Industrial Park. The SIP was established in the mid-1990s as a joint venture between Suzhou and Singapore.
In November 2009, CSP purchased ThinSilicon, Inc., a developer of thin film manufacturing process technology based in Mountain View, CA.
CSP was founded in 2007 by Tano China Capital Management, a subsidiary of Tano Capital. Tano Capital is an alternative asset management firm established in 2004 by Charles E. “Chuck” Johnson (formerly co-President of Franklin Resources, Inc. and CEO of Templeton Worldwide), that makes private equity investments into rapidly growing private companies in India and China. Tano Capital currently has offices in San Mateo, California, Shanghai, Singapore and Taipei, as well as an Indian team in Mumbai, India.
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