Masdar receives €12.9 million for new PV module line09. May 2012 | Applications & Installations, Industry & Suppliers, Products | By: Becky Stuart
The European Commission has approved €12.9 million worth of state aid for Masdar PV GmbH to install a second photovoltaic module production line in Germany.
In a statement released, the commission said that the aid would go towards the company’s second around €120 million module line in Ichtershausen, Thuringia. A spokesperson for Masdar declined to provide any further details, saying that internal discussions were currently taking place regarding the new plans. More details should be available tomorrow, May 10.
In 2008, the commission provided Masdar with €28 million in aid to set up its first thin film module line. "As the two projects are located in the same area, economically indivisible and undertaken within three years, they constitute a single project for the assessment under EU state aid rules," it said.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!