Brussels, Belgium [RenewableEnergyWorld.com] ersol Solar Energy AG has received word that the EU Commission has approved subsidies for its investments in the crystalline silicon sector. The Free State of Thuringia and the Federal Republic of Germany had already accepted this support subject to the approval of the European Commission.
With an investment of €530 million ersol will be expanding the factory site at Arnstadt as planned. This will include an expansion of solar cell manufacturing capacity to 630 megawatts over the next few years, as well as the creation of its own module production capacities.
The grants now approved will cover more than 10 percent of the overall investment. The expansion is to be financed with Bosch Group loans and internal ersol funds.
“We are delighted about the approval of subsidies from the European Union. This will enable us to invest over half a billion euros at our Arnstadt manufacturing facility in the next few years. We would like to thank in particular the respective Departments of Trade and Industry of the Free State of Thuringia and the Federation, who lobbied for this important support,” said Holger von Hebel, CEO of ersol Solar Energy AG.