Greentech Lead Asia: Ascent Solar Technologies has
entered into a joint development deal with Shenzhen Radiant Enterprise and
Third Railway Survey and Design Institute Group Corporation (TSDI) of China.
The agreement enables TSDI to promote the solar
technology usage in railway infrastructure by installing Ascent Solar modules
on existing and future railway stations in China.
Radiant is well positioned to execute the PV retrofitting
of existing railway stations, as well new installations.
Total volume of solar installation on China’s public
infrastructure is projected to reach 800 MW over the next five years.
TSDI, a subsidiary of the China Railway Group, has
designed over 50,000km of railways in China, including the country’s first
high-speed railway and first heavy-haul railway. In addition, TSDI designed
China’s first modern, large-scale multi-modal transport hub, the Beijing South
Shenzhen Radiant Enterprise will work closely with Ascent
and TSDI to design, engineer and install the solar systems.
“We are honored to be involved with TSDI through
this very important partnership, which will promote Ascent Solar’s
transformational technology in a high-profile sector of China’s public
infrastructure. This year, we look forward to working closely with TSDI and
Radiant to design and develop systems to be installed beginning in 2013,”
said Victor Lee, Ascent Solar President and CEO.
The three companies will begin system design and
engineering development in the near term, with initial project installations
beginning in 2013.
“China’s state-of-the-art railway system is one of
the largest and fastest growing in the world. Ascent Solar and Radiant Group
feel privileged to work with TSDI towards the goal of incorporating green,
renewable energy with this important piece of China’s infrastructure,”
said Winston Xu, founder of Shenzhen Radiant Enterprise.