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First Solar has held an opening ceremony for the first four plants being built at the Kulim Hi Tech Park in Kedah, Malaysia. The four thin-film manufacturing facilities make up an investment of $680 million by First Solar and create around 2,000 jobs, the company said. When fully ramped, the four facilities will have a 720MW capacity and are a key aspect of First Solar’s plans for 1GW-plus production by the end of 2009.
“Dedicating this plant today represents a major milestone for First Solar. Our expansion into Asia enables us to achieve cost reductions through economies of scale in a high quality manufacturing environment,” said Bruce Sohn, President of First Solar. “I would like to thank our talented and dedicated new associates in Kedah for their role in the successful start up of our production facility, marked by the recent commencement of commercial module production. Our new manufacturing facilities in Kedah will play a vital role in helping the company achieve our stated goals and objectives.”
The last of the four plants is expected to be completed at the end of 2008, with ramping beginning in late Q109.
