Day4 Energy is to expand its third party manufacturing facility in Europe. The company is increasing production from 50MW to 120MW per year to meet increased demand for its photovoltaic products. The first 75MW of capacity expansion will be completed by the middle of May with the remaining 120MW to be completed by the end of June.
“This decision is a direct result of a significant increase in demand that has allowed us to bring our manufacturing facilities in Poland to full capacity earlier this year. We believe that despite the upcoming changes to subsidy programs in Germany, market demand for PV products will continue to be underpinned by renewed investor appetite in existing as well as emerging markets and increased bank debt availability”, said George Rubin, president of Day4 Energy.
“In addition to allowing us to meet increased demand we will benefit from reduced costs due to the increase in production volume. This in turn will further assist us in achieving the cost reduction required to continue offering our customers attractive return on investment solutions even after the changes in German feed-in-tariff are finally implemented,” continued Rubin.
The expansion plans include increasing productivity from five to seven days a week as well as the addition of new commercial lines dedicated to the production of the newly introduced 60MC-I module with Guardian Technology. The current production mix at the facility is focused on the company’s 48MC-S module. However, Day4 Energy expects that demand for the new 60MC-I module will require 80% of production capacity by the third quarter of 2010.