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SolarWorld targets 1GW in Saxony; secures €750 million cell supply deal with Solar Semiconductor
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Capitalizing
on a new major crystalline silicon wafer supply deal worth €750 million
with Solar Semiconductor Pvt. Ltd, SolarWorld AG, with its subsidiary
Deutsche Solar AG, the solar silicon wafer producer, will expand
production in Saxony at a new site that will reach 1GW capacity per
annum.
“With the new wafer contract we are securing the capacity utilization of the new production facility in Freiberg in Saxony,” said Frank H. Asbeck, Chairman and CEO of SolarWorld AG. “We come out clearly in favor of Germany as a production location. The Federal Republic is an international pioneer in the expansion of renewable energies. Motivation and employment qualification are appropriately high. In this environment our investments are well placed.”
SolarWorld also reiterated plans for expansion at its Freiberg site to 750MW by the end of 2009, up from 500MW currently. In 2010 this is expected to increase by a further 250MW, the company said. The planned capacity expansions are expected to cost €350 million. The company projected that 500 extra jobs will be created as part of the expansion plans.
