Ascent Solar Lands Chinese Railway Deal
Green Chip Stocks
State of the art PV solar developer Ascent Solar Technologies, Inc. (NASDAQ:ASTI) has just announced it will enter into a three way joint development agreement with Chinese companies Shenzhen Radiant Enterprise Co., Ltd. and Third Railway Survey and Design Institute Group Corporation (TSDI).
With this agreement, TSDI will promote Ascent’s advanced solar modules by putting them on stations in China’s burgeoning public railway infrastructure.
Radiant, a leader in metal roofing and façade in China, will install the projects as well as oversee the retrofitting of Ascent’s PV modules on existing railway stations. With the help of this partnership, the total solar capacity in China’s public infrastructure could reach 800 MW in five years.
What makes this deal so important is the stature of TSDI in China. Currently, TSDI (which itself is a subsidiary of China Railway Group) ranks in the top 100 firms in China because of its overall strength and the quality of the over 25,000 miles of railways it has designed in China. In addition, TSDI designed China’s first large-scale multi-modal transport hub, the Beijing South Railway Station.
“We are honored to be involved with TSDI through this very important partnership, which will promote Ascent Solar’s transformational technology in a high-profile sector of China’s public infrastructure. This year, we look forward to working closely with TSDI and Radiant to design and develop systems to be installed beginning in 2013,” Ascent Solar President and CEO Victor Lee said.
Ascent Technologies (NASDAQ:ASTI) Scores Chinese Railway Deal originally appeared in Green Chip Stocks. Green Chip Review is a free 2x-per-week newsletter, is the first advisory to focus exclusively on investments in alternative and renewable energies.
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