The Californian company, which has PV and wind inverter manufacturing operations in Italy, Hungary and China, is aiming to reach a product capacity of one GW by the end of 2011. However, it says available site capacity will reach four GW.
Around 350 employees are expected to manufacture the inverters, which will reportedly be installed in residential, commercial and utility settings.
"Power-One is excited to open its manufacturing and research and development center in Arizona, as we bring more jobs to the United States and establish our North American renewable energy footprint," Richard Thompson, President and CEO at Power-One said. "We view the opportunity to open new markets in the U.S. and abroad, as well as to introduce new technologies, as key drivers to our future success."
The company has also built a new factory in China and plans to start shipment in early 2011. Overall, it expects to boost its inverter production capacity to six GW this year.
Power-One has boosted its market share from ninth place in 2008 and fourth in 2009 to number two in early 2010. According to IMS Research, it is set to stay in second place for the rest of this year.
Subscribers can click here to read Ucilia Wangs article about Power-One in the January edition of pv magazine.