The European Commission has awarded Sovello AG €15.5 million of regional investment aid to help build its latest String Ribbon solar-module production facility in Bitterfeld-Wolfen, Germany. When completed, the entire project will have received investment totalling €147 million and created 320 jobs in the region.
Bitterfeld-Wolfen, which is located in the German state of Saxony-Anhalt, is eligible for regional investment due to its high unemployment and low living standards, and since 2007 Sovello has taken advantage of this status by setting up the Sovello1 and Sovello2 module production plants.
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