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T-Solar Cuts Ribbon on $104 Million Spanish PV Module Factory

October 31, 2008
Source: New Energy Finance

T-Solar, the Spanish PV manufacturer and project developer owned by eight local banks and three business groups, has opened a 40MW per year module plant in Orense, Galicia.

The factory has cost "more than 80 million euros" ($104 million), and will employ 190 staff, according to the company.

T-Solar claimed it would make the biggest panels in the market, at 5.7 square metres, and use a thin silicon layer that would cut production costs by more than 25%.

The technology for the modules comes from US specialist Applied Materials. T-Solar said it plans to increase output to 65MW per year in a second phase.

The firm also revealed details of its project development activities. It said it has 28 PV stations in Spain, with total power capacity of 143.4MW. The largest is a 34.2MW station at Arnedo in La Rioja, followed by a 11.5MW installation at Elduayen in Badajoz.

T-Solar is 26.9% owned by Vista BV, 26.5% owned by Promoter Group, 9% by industrial firm Isolux Corsan, and 37.6% by a group of eight banks including Caja Castilla La Mancha and Caja Sol.