Monday, July 9, 2007

Sunny Days in Singapore

Singapore, my homeland, is entering the solar manufacturing race. Two deals for thin-film solar manufacturing facilities were announced in the past few days.

It is reported that SGX Sesdaq-listed Equation Corp Limited through its newly-acquired subsidiary Solar Morph Pte. Ltd., a Singapore-registered company will undertake the construction and operation of a thin-film amorphous silicon plant in Singapore, commencing with establishing a 20MW manufacturing line by mid-2008 and continue to expand to its full 60MW annual capacity by 2010

Separately, Germany's SolarTec AG is firming up plans to gain a presence in Singapore, including the setting up of a $100 million 45 MW thin-film solar module manufacturing plant and a listing via a reverse takeover on the Singapore Stock Exchante.

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