Isofoton to build a solar module assembly plant in Ohio
- Isofoton initiates the first step for a new photovoltaic module production center in the U.S. that will assemble cells produced in Malaga.
This new module plant is an addition to the Isofoton Producing Center in Malaga which deploys the Reis Line, one of the most technologically advanced production lines in the world.
Isofoton, through its subsidiary Isofoton North America, has signed a cooperation agreement with the State of Ohio by which both sides commit mutually to cooperate in the implementation of a new Isofoton production center in the State. This decision is contingent upon negotiation and approval of incentives, site location, and other due diligence.
This signing represents the completion of a long process initiated in 2007 (see our previous story on the subject here), a period during which Isofoton has been conducting pre-feasibility studies to determine the partners that will guarantee the project success, and that has meant many meetings, in several states, at the highest levels. Moreover, the signing is also the first step in a process in which the company will identify strategic utility partners to develop its U.S. business plans.
The Governor of Ohio, Ted Strickland, has highlighted the importance of the agreement in the context of public support to the photovoltaic sector. “We are tremendously excited that Isofoton has committed to expanding into Ohio,” Governor Ted Strickland said. “This commitment demonstrates our globally-recognized research capabilities, the state’s forward-looking energy policy, and our manufacturing strength.”
This new plant will carry out the assembly of cells that the company will manufacture in its production center in Malaga, therefore increasing with this start up its productivity in Spain.
The production from the Ohio plant will be allocated to the US market, so that Isofoton will be able to cover the demand of the dollar zone from a more competitive position. The start of the implementation of the plant is estimated to occur between 2010 and 2011, and will have an estimated production capacity of 60 MW.