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First Solar: New Plants in the U.S. & Vietnam to Increase Capacity by nearly 500 MW/Year

Tempe, USA, - First Solar, Inc. (Nasdaq: FSLR) announced plans to build two new four-line manufacturing plants that will boost the company's annual manufacturing capacity by nearly 500 MW.

The new plants should help to meet the strong demand for the advanced thin-film photovoltaic modules. The plants are expected to be built in the United States and Vietnam and completed in 2012, reports First Solar. Each new plant will create approximately 600 green jobs and will be designed to accommodate additional production capacity. Negotiations and site assessments are ongoing in both countries and will be finalized and announced at a later date.

The new factories will further extend First Solar's previously announced capacity additions, including eight lines at its Kulim, Malaysia facility, four lines in Frankfurt an der Oder, Germany, and two lines in Blanquefort, France. Earlier this year the company also completed an expansion of its Perrysburg, Ohio, manufacturing plant, which serves as First Solar's primary hub for engineering, research and development. All plants combined, will nearly double production capacity from 1.4 GW in 2010 to more than 2.7 GW in 2012.



Source: IWR Online, 14 Oct 2010

 


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