SCHOTT Solar to Build Production Facility in Albuquerque (350-1500 new jobs)

[jpak]

http://www.solarbuzz.com/News/NewsNAMA103.htm

SCHOTT AG of Mainz, Germany (SCHOTT) and Governor Bill Richardson (D – NM) today announced that SCHOTT Solar, Inc. a wholly owned subsidiary of SCHOTT AG, will construct a new solar energy technology production facility in the Mesa del Sol region of Albuquerque, New Mexico.

Initially, the production site will manufacture receivers for concentrated solar thermal power plants (CSP) and 64MW of photovoltaic (PV) modules. SCHOTT will construct a 200,000 square-foot facility, which is expected to begin production in 2009 and immediately create 350 jobs.

The investment in New Mexico by SCHOTT Solar will be on the order of $100 million.

Anticipating the need to increase production of its solar power technologies as the market for renewable energy in the US grows, the new site is designed to support expansion of both its photovoltaic module and solar receiver lines. Long-term plans call for the building to expand to 800,000 square feet with 1,500 employees, representing a total investment of $500 million.

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