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Ascent Solar Signs Definitive Agreement to Build New Manufacturing Plant in Suqian of Jiangsu Province, China

Suqian will provide RMB200 million ($32.5 million) for the JV

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ascent Solar Technologies, Inc. announced the signing of a definitive agreement to establish a joint venture (JV) with the government of the municipal city of Suqian in Jiangsu Province, China. Under this definitive agreement, Suqian will provide cash of approximately $32.5 million as well as five year rent-free use of approximately 331,000 square feet of factory and office space in the Suqian Economic and Industrial Development Science Park. The JV will build a 100MW factory over six years t...

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