Tegal Corp. (TGAL) and se2quel Partners Gather Resources to Form Solar Utility Company
Today before the opening bell, Tegal Corp. announced that it has formed, together with se2quel Partners LLC, a new company focused on developing and operating large scale photovoltaic (PV)-based solar utilities in the United States, Latin America, the Middle East and Africa. se2quel Partners, under the leadership of Ferdinand Seemann, a solar technology expert and former Independent Director of Tegal, has developed a unique manner of developing, building and operating PV-based utilities on the scale of 1,000+ megawatts (1GW) to be cost competitive with conventional energy sources. Currently, the company has more than 10 active projects with major partners in…