Shoals Technologies Group Signs Framework Agreement for New Asia/Pacific Operations and Manufacturing Headquarters
Online, January 30, 2014 (Newswire.com) - Shoals Technologies Group, a global leader in photovoltaic components, formally signed an agreement for the investment and establishment of a new Asia/Pacific operations and manufacturing headquarters.
The facility, located in the newly established Jiaxing PV High-Tech Industrial park, will allow Shoals to manufacture a broad line of industry leading balance of systems components for the rapidly expanding domestic Chinese market.
Jiaxing PV Hi-tech Industrial Park is located at Xiuzhou New Area, with a total area of 14.2 square kilometers, and was officially listed in December 2012 to develop a "five-in-one" innovation trial for the provincial photovoltaic industry. The five pillars of the trial are an industrial base construction trial, an industrial technology innovation trial, an applied commercial mode innovation trial, a regional smart grid innovation trial with distributed energy access policy and lastly a system innovation trial.
"The signing of this agreement represents an expanded commitment in 2014 by Shoals to supply the domestic Chinese market. We recognize the potential and have already witnessed significant growth recently in mainland projects. With this new facility we hope to not only bring our products to these future projects, but also to provide our expertise to accelerate the adoption of photovoltaics as a primary source of energy in the region." said Said Mr. Dean Solon, President & CEO of Shoals Technologies Group.
The signing was held during the Jiaxing PV Industry Devlopment (Beijing) Co-Operation Symposium held in Beijing, and was overseen by Deputy Director of the National Energy Board Energy Secretary, Liang Zhipeng and chaired by Mayor Xiang Sheng.
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About Shoals Technologies Group
Shoals Technologies Group is a leading manufacturer of balance of systems solutions. Through innovation and diversification Shoals has grown exponentially since its founding in 1996. With over 15 GW+ of BOS products deployed globally, Shoals maintains a diverse portfolio of PV balance of systems products, including, combiner/re-combiner boxes, disconnecting combiner boxes, custom harnessing solutions, junction boxes, PV wire, in-line fuses, racking and PV monitoring solutions. Additional information is available at www.shoals.com.
