Thvow Tech Buys Into Thai Solar Firm to Ensure Supply for Southeast Asia Projects

Thvow Tech Buys Into Thai Solar Firm to Ensure Supply for Southeast Asia Projects

Tang Shihua

Date: Thu, 02/22/2018 - 15:38 / source:Yicai
Thvow Tech Buys Into Thai Solar Firm to Ensure Supply for Southeast Asia Projects
Thvow Tech Buys Into Thai Solar Firm to Ensure Supply for Southeast Asia Projects

(Yicai Global) Feb. 22 -- High-end equipment maker Suzhou Thvow Technology Co. will use a subsidiary to invest USD4.2 million in a Chinese-funded solar module producer in Thailand as it looks to source components for projects in Southeast Asia.

Thvow's China Sinogy Electric Engineering Co. penned a deal with the Beijing-based parent of Tiger Solar Co., the buyer’s parent said in a statement. CSEEC's investment will earn it a 50-percent stake of the recently established firm.

Producing solar products in Southeast Asia will provide a stable, high-quality component supply for local new-energy construction projects, the statement said, adding that it will also create job opportunities and promote economic growth.

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Keywords: BELT AND ROAD, THAILAND, Southeast Asia, investment, Solar, Suzhou Thvow Technology