million to acquire a minority interest in independent polysilicon producer Nitol Solar Ltd. In a joint statement, the two companies said Suntech will become a stakeholder by acquiring Nitol Solar Ltd’s newly issued ordinary shares. Nitol Solar said its contracts to supply several customers through 2015 are worth a total of $1.5 billion. Suntech is…
CHINA: Suntech Power to invest in polysilicon manufacturer Nitol Solar
Posted on March 24, 2008 by EnergyAsia