Solar Thin Films, Inc. Enters Into Letter of Intent for Joint Venture
04 Gennaio 2011 - 3:00PM
Marketwired
Solar Thin Films, Inc. (OTCBB: SLTZ) today announced that it has
entered into a Letter of Intent with Greensol Alternative Energy
Ltd. of Bnei Brak, Israel for the purpose of forming a joint
venture and strategic relationships for the development and
syndication of solar farms on both a proprietary and turnkey basis.
In addition preliminary talks are underway in the United States,
Canada, Europe and elsewhere to form similar joint ventures. Solar
Thin Films, Inc. announced a similar arrangement last month with
One Globe Renewables of Colorado. The Company describes these
negotiations as being in line with its shift in focus from the sale
of turnkey factories for the production of thin film solar modules,
to now concentrate on establishing, financing, managing and
syndicating solar farms as power projects both domestically and
internationally.
Greensol Alternative Energy Ltd. is an Israeli company founded
in 2009 and based in Israel. Greensol's focus is the development of
numerous ground mount solar PV systems in sizes ranging from 50 KW
to 8 MW.
Solar Thin Films, Inc. (OTCBB: SLTZ) has manufactured solar
module production equipment and turn-key amorphous silicon module
factories. The Company is now working to establish itself as an
international developer and syndicator of solar power projects.
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