27 May 2009
SCHOTT Solar ceremonially inaugurated its state-of-the-art photovoltaic (PV) module and solar thermal receiver manufacturing facility in Albuquerque, NM, one year after breaking ground on the project's first-phase. The 200,000 square-foot facility represents an initial investment of over $100 million in the Albuquerque region from the global SCHOTT Solar group, creating 350 jobs, with production ramping up throughout the summer.
"This facility is proof that smart policy can create jobs and spur investment," said New Mexico Governor Bill Richardson. "SCHOTT Solar has recognized the vast potential that exists for solar energy in the United States and especially New Mexico. They have taken a leadership position to manufacture technologies that can capture this limitless energy source." In the meantime, other companies continue to open solar facilities overseas.
Long-term plans call for the buildings to expand to 800,000 square feet with employment reaching 1500 people, representing a total investment of approximately $500 million.
SCHOTT Solar's manufacturing facility in Albuquerque is the first new solar manufacturing facility to open since the US Federal government signed the American Recovery and Reinvestment Act into law. This law provides numerous incentives, including incentives for solar manufacturing, to help expand the renewable energy industry. By 2016, the US solar industry is expected to support more than 440,000 permanent, full-time jobs, including many in the manufacturing and construction industries, according to Navigant Consulting.
"Products from SCHOTT Solar are recognized around the world for their high quality and durability," explained Martin Heming, president and CEO of SCHOTT Solar's worldwide operations. "Energy prices are historically very volatile, but energy from SCHOTT Solar is reliable, consistent and fixed-cost."
For more information, go to http://us.schott.com.