Shanghai Electric sounds death knell for CIGS manufacturing project backed by $197m of public money

With five public entities having committed RMB1.25 billion into a project to produce copper, indium, gallium, selenide solar modules five years ago, the joint venture has been abandoned at an estimated impairment cost of RMB1.42 billion.The waning prospects for thin-film copper, indium, gallium, selenide (CIGS) solar modules have been spelled out by a Chinese utility as it explained why a costly joint venture set up five years ago to manufacture the technology was being abandoned. The Shanghai Electric company owned by the city authorities sank RMB250 million (US$39.4 million) into the establishment ...

Den vollständigen Artikel lesen ...