Isofoton to open solar plant in Ohio, US
Spain-based Isofotón has plans to open its 50MW photovoltaic module manufacturing facility in Napoleon, Ohio and increase capacity to 300MW by 2015.
A 100MW selective-emitter solar cell production line is also expected to be installed at the facility in 2013-2014.
About $35m has been invested in the facility, of which the Ohio State contributed $15m.
Isofoton CEO Angel Serrano said that the company has incorporated advanced technology in automatic machinery and will begin operations in November.
"We have developed a sound plan for growth in the U.S., a country that will lead the photovoltaic industry over the next ten years," Serrano added.
According to Serrano, an expected decline in the European markets has prompted Isofoton's investment in the US as well as further expansion globally.
The company expects to open 300MW manufacturing facilities in Brazil and China. The photovoltaic module facility in Saudi Arabia is scheduled to open in 2014 as part of a joint venture.