Bosch unit ersol Solar Energy has received the anticipated approval of EU Commission subsidies toward its investments in the crystalline-silicon PV sector. Since Thuringia and the Federal Republic of Germany had already accepted this support subject to the approval of the commission, ersol says the grants will cover more than 10% of the overall funding of €530 million to be invested in expanding the company’s manufacturing site in Arnstadt.
The expansion, which will also be financed with Bosch Group loans and internal ersol funds, will increase the nominal solar cell production capacity to 630 MWp over the next few years, as well as establish a dedicated PV moduling facility.
Production at ersol’s Arnstadt site is scheduled to begin in the first part of 2010.
The company also has a micromorph-silicon thin-film PV joint development venture with Schott Solar.