Spanish module manufacturer Tamesol is reported to be planning a new 50MW production line at its facility in Girona, northern Spain, according to reports.
The new production line would be ready by 2014 with the company mulling the possibility of listing on Spain’s alternative investment stock exchange to raise funds for the expansion.
Tamesol already has 350MW of installed manufacturing capacity at sites in Taiwan, China and Malaysia.
The Spanish financial paper El Economista is also quoting the Catalan company’s CEO Patxi Otamendi as having said that it will move into the Brazilian and US markets next year.
Brazil recently selected no PV projects in its renewable energy tender. Chief marketing officer Felix Otamendi told PV Tech the company was not put off.
“We think that the Brazilian market will be good for net metering installations not for on grid projects yet.
“For the US market we can offer a very good relationship between quality and price, plus of course UL certification. We are working in our distribution channel with our first partners and will have the UL certification in early 2014,” he added.
The Spanish domestic market would be all but dead if proposed energy reforms are passed but many manufacturers, including Tamesol, are enjoying success overseas.
The company announced this month that it will supply a 3MW project in Germany, the agreement also involves five pre-signed deals to be closed in early 2014. The total size of the order could top 12MW and is worth €6 million (US$8.1 million) to Tamesol.
Fellow Catalan manufacturer Isofoton told PV Tech in September that the EU-China trade dispute had filled its order books as developers in Europe looked to secure module supply in the wake of ongoing uncertainty. Felix Otamendi confirmed that the outcome of the negotiations had also impacted Tamesol's decision to expand its production capacity in Spain.