Nov 24 2010
Solar Thin Films, a company specializing in turnkey manufacturing solutions and proprietary equipment for solar module production, has signed a deal to acquire a California-based company, 2COR9. The acquisition is expected to be completed soon.
2COR9 specializes in developing and installing solar power plants for the government, industrial and commercial clients. The company has sold a number of facilities such as retail and manufacturing facilities, distribution centers, corporate offices and agricultural centers.
The U.S. has become a major solar market across the globe and presents potential opportunities for Solar Thin Film. A number of solar power projects are driving the U.S solar market. In fact, the country’s solar electric capacity such as concentrating solar power installation has increased by 37% in the last year, while grid-tied PV installations have increased by 38%.
California has launched a solar program for residential-sized instillations and has introduced similar initiatives for commercial- sized systems.
During the past few years, numerous states passed laws that resulted in wide-scale use of solar power. At present, California still remains the major player in the photovoltaic market; however other states are not far off.
Solar Thin Films has a number of projects, which would enable it to be a part of the solar market.
Source: http://www.solarthinfilms.com/