First Solar, Inc. (Nasdaq: FSLR) the world's largest manufacturer of advanced, thin-film solar photovoltaic modules, today inaugurated its second manufacturing plant in Frankfurt (Oder) and celebrated the production of the new plant's one millionth module.
First Solar, Inc. (Nasdaq: FSLR) the world's largest manufacturer of
advanced, thin-film solar photovoltaic modules, today inaugurated its second
manufacturing plant in Frankfurt (Oder) and celebrated the production of the
new plant's one millionth module. Brandenburg Minister President Matthias
Platzeck; Katherina Reiche, State Secretary in the Federal Ministry for the
Environment, Nature Conservation and Nuclear Safety; and Jurgen Trittin,
Chairman of the parliamentary faction of the Greens / Bundnis 90 Party in the
German Parliament were among the guests at the opening ceremony.
First Solar's new factory in
Frankfurt
(
Oder
),
Germany
was
inaugurated on Nov. 3 after reaching full production in October. (Photo: First
Solar, Inc.)
Covering an area of roughly 50,000 square meters, the new plant, which reached
full production in October, will manufacture 250 MW a year of solar modules. The
expansion doubles First Solar's annual production capacity in
Germany
to
500 MW. The new plant became fully operational on schedule after just one year
of construction and an overall investment of more than 170 million euros. First
Solar's employment in
Frankfurt
(
Oder
) has
almost doubled to more than 1,200 from 650.
"With the inauguration of our second German plant in
Frankfurt
(
Oder
),
we're operating
Europe
's largest and most modern
production site for advanced, thin-film solar modules," said Tymen DeJong,
Senior Vice President for Global Operations. Our additional investment shows:
Germany
is a
key market for solar energy and an important production location for First
Solar."
The new factory also demonstrates First Solar's complete life-cycle approach to
manufacturing: the factory will incorporate clean electricity from its own
rooftop solar system, helping to reduce the company's carbon footprint. First
Solar has also voluntarily established the industry's first comprehensive,
prefunded solar module collection and recycling program and operates a
recycling facility in
Frankfurt
(
Oder
).
According to
Brandenburg
's
Minister President, Matthias Platzeck, the new plant once more demonstrates
that the state offers businesses excellent conditions: "First Solar and
Brandenburg
are a
good match. Compared with other German states, we are already leading in the
area of renewable energy. We will continue to strengthen our top position and
contribute to further establishing
Germany
as
one of the key players in protecting the climate and achieving a balance
between ecology and economy."
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