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The Week in Germany: Business and Technology November 16, 2006 Solar Engineering Company to Use Former Dubai Site in Germany
The empty shell of what was meant to be a German semiconductor factory financed from Dubai is to be converted into a plant making solar electricity panels, the new investor said Monday as reported by dpa. Hans-Martin Rueter, chief executive of Conergy, a German company that builds complete solar systems, said up to 500 people would be hired in the next five months at Frankfurt an der Oder, near the Polish border, to work in the new factory. Hamburg-based Conergy said it would be the world's most technologically advanced production plant for solar modules. Conergy is expected to invest 250 million euros in its project, with one seventh of the sum to come from European Union funds to promote economically weak regions. The district suffers from high unemployment. Rueter said the site marked the biggest expansion in Conergy's eight-year
history, with panels able to generate a total 250 megawatts set to be
manufactured annually by 2008. All the components will be made at the
site. Links: |
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