ITS Innotech Solar, a Narvik, Norway-based solar company, has acquired land for a new investment in the German city of Halle, with plans to construct a factory to increase power of solar cells.
According to a press release, the investment will initially create 80 new jobs in the region with plans to double its amount of employees in the future.
ITS purchases solar cells and uses industrial production techniques to increase the power output and guarantee the quality of the cells.
The company was assisted in the investment process by Germany Trade & Invest and the Investment and Marketing Corporation (IMG) Saxony-Anhalt.
Commenting on the project, Innotech Solar CEO Thor Christian Tuv, was quoted as saying: “Germany provides us with the ideal conditions to strengthen our business activities.
“A thriving photovoltaic industry cluster and outstanding infrastructure here are essential for us. We are sure the Halle site gives us a unique competitive advantage that will allow us to continue our company’s extraordinary growth”.
Germany has a well developed PV industry with a high concentration of photovoltaic companies, suppliers, and research institutes. It was reported that in 2009, the country had roughly half of all global PV installations, coming in at approximately 3.0 GW and this trend is expected to continue.
FinSMEs
11/02/2010