Dr. Marvin Keshner undertook a research for Hewlett Packard on cost reduction of solar energy by way of mass volume manufacturing

Jointly with NREL, Dr. Keshner published “Study of Potential Cost Reductions Resulting from Super-Large-Scale Manufacturing of PV Modules”.

OptiSolar was founded in part by Dr. Marvin Keshner, former CTO of Hewlett Packard Imaging and Printing Division (1979 – 2005).

OptiSolar commenced building the R&D Centre with 13 employees

OptiSolar invested a total of USD340M in R&D facilities, product development, an R&D pilot line (one-to-one scale to production line), and two first generation production lines.

OptiSolar starts production with its first 15MW single junction amorphous silicon thin film solar module production line.

OptiSolar starts production with its second 15MW single junction amorphous silicon thin film solar module production line.

OptiSolar implemented aggressive expansion – building 800MW (1,000,000 square foot) manufacturing in Sacramento and 1GW TCO glass float line in Arizona.

OptiSolar connected 130kw solar farm to grid in Sacramento.

OptiSolar was awarded the then largest solar farm contract in the world by PG&E – 550MW.

OptiSolar commences construction of 60MW Ontario Sarnia Solar Farm, a component of the 210MW of PPAs signed with the Ontario Power Authority.

OptiSolar turned on its first grid connected solar farm in SARNIA ONTARIO, generating kilo watt revenue to SMUD.

OptiSolar completed a total of 4MW of PV panels shipped to the Ontario Sarnia Solar Farm.

OptiSolar ceased production due to Sept 08 post financial crisis.

OptiSolar sold 2GW backlog of solar farm contracts (700MW signed contracts) to First Solar for USD400M.

NOVASOLAR’S Present – AN ASSET AND MANAGEMENT ACQUISITION OF OPTISOLAR

NovaSolar’s CEO (Rorce Au-Yeung), COO (Darien Spencer), CFO (Boyang Liu) and Chief Scientist (Dr. Marvin Keshner) led a team of about 30 of the key people from OptiSolar to capture the know-how of OptiSolar and continue the development of its technical roadmap.

Formation of NovaSolar with about 40 total employees.

Established NovaSolar’s headquarters in Hong Kong.

NovaSolar acquired the Group 1 Assets of OpitSolar – all advanced R&D and testing assets and an original 20MW dual junction amorphous silicon thin film production line. The total replacement value of all OptiSolar assets was valued at USD169M.

NovaSolar broke ground for new high volume manufacturing facility in Yangzhou, China – planned capacity 1GW.

Dual junction amorphous silicon thin film production line was shipped to Yangzhou, China.

NovaSolar completed acquisition of Group 2 Assets of OptiSolar – all IPs and two 17MW single junction amorphous silicon thin film production lines

NovaSolar secured new R&D Centre in Silicon Valley, USA, and commenced
a rapid expansion plan with total employees of around 80 people.

First EPCM solar farm contract was signed for a 2MW solar farm in China.

A total of 1000MW solar farm contracts development is underway.

20MW solar farm contracts expected to be signed.

Global employment planned to reach 300.

Negotiation with Hong Kong Science Park re NovaSolar Asia R&D Centre is expected to complete.

Commencement of manufacturing of Yangzhou factory.

Certification of products, process and equipment is expected to be completed.