First silicon plant in Spain for solar panels
They are currently building what will be Spain´s first silicon plant, thus getting ahead of another Spanish manufacturer with similar plans, Isofoton. The latter partnered with the utility Endesa for the construction of a polysilicon plant in the Southern province of Cadiz (Andalusia) that is scheduled to be operational by 2009.
Siliken is a young company that has been tripling its turnover each year since its inception seven years ago. Their dizzying growth has led to the need for this plant that will have a price tag of more than $135 million dollars and an initial output of 1,500 tonnes per year.
One of the advantages favoring their expansion is the fact that they design and build their own machinery as well. Carlos Navarro, their CEO, boasts that they can have a new line in operation in two months after a decision to expand capacity.
Among the plans they have for the future are the possibility of going public and of opening a plant to manufacture solar panels in California. In fact, they are going to be in Long Beach in September, for the Solar Power Conference and Expo (booth 1006).
If the company finally decides to go public, it will be following a well-beaten path. There has been a recent flurry of activity in the Spanish stock market in this field with a string of very successful IPOs of companies like Fersa or Solaria.
This entry was posted on June 26, 2007 at 8:07 pm and is filed under Concentrating Solar Power (CSP), Photovoltaics, Solar power. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.