According to MSN, Quantum Fuel Systems Technologies Worldwide, Inc. announced that Asola, its German partner, has entered into a joint partnership with Moroccan company Majdaline Holding. The two companies will join forces to build a solar power manufacturing plant. The plant will produce enough solar power modules to generate 30 MW of power each year, and has the potential to bring in $100 million annually.
From the article on MSN MoneyCentral, here are some … Read the rest
Quantum Fuel Systems Technologies Worldwide Inc announced a deal between Asola, the company’s German partner, and Q&Tech/Yongsan Inc, a South Korean manufacturing company. Under the agreement, Asola and Q&Tech will enter into a joint venture to build a manufacturing plant in South Korea. Q&Tech will then produce and distribute Asola’s German-designed solar components.
South Korea is a fast-growing solar market, and this deal allows Asola to market its parts there. The plant will conform to … Read the rest