News Article
Ascent in deal with Kirloskar to build plant in India
U.S. photovoltaic module maker Ascent Solar Technologies Inc (ASTI.O) said it signed an agreement with Kirloskar Integrated Technologies Ltd to sell its products and build a module assembly plant in India.
Ascent said its copper indium gallium selenide (CIGS) modules will be integrated into products, and added that a complete backend module assembly plant will be established in India as part of the second phase of the agreement.
The company also said it would expand production in India to include complete end-to-end module manufacturing under the final phase of the agreement with Maharashtra, India-based Kirloskar.
Ascent, whose thin-film modules convert sunlight into electricity, said target markets include defense, consumer portable power, and hybrid solar and diesel generation back-up power systems.
