November 23rd 2008, Taiwan Asia Solar Company and Hongkong Cambridge Thin Film Solar Company signed investment agreement with Zhenjiang government to build thin film projects in Zhenjiang.
Taiwan Asia Solar Company will invest 45 million USD to produce thin film solar cell production equipments, and the first production line will be installed in the first half year 2009, and the production capacity will reach 48 thin film solar cell production lines in 5 years.
Hongkong Cambridge Thin Film Solar Company will invest 90 million USD to produce thin film solar cells, and the production lines will be purchased from Taiwan Asia Solar Company. 4 thin film solar cell production lines will be installed in 3 years, 2 pcs of 50MW production lines and 2 pcs of 100MW production lines, then the total production capacity will reach 300MW.
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