Solar cell manufacture in US 'to expand with tax credits'

2010-01-20

A monocrystalline solar cell manufacturer has revealed it can boost production to meet the demands of the American solar market after it has been awarded £3.5 million in tax credits.



A solar cell manufacturer has received $5.7 million (£3.5 million) in Recovery Act Advanced Manufacturing Tax Credits to expand a facility in Norcross, Georgia to increase productivity capacity.

Suniva produces monocrystalline solar cells on two production lines with an annual capacity of 100 megawatts and is set to increase capacity by 75 per cent in 2010 to produce more solar technology to meet renewable energy demand.

Chief executive officer of Suniva John Baumstark said the tax credits allow the firm to supply the American solar market which is "rapidly growing".

The solar cells developed in American laboratories are installed globally, across the US, Asia and Europe, as well as India's first large-scale solar project.

Suniva's technology was developed by Dr Ajeet Rohatgi, from the Georgia Institute of Technology's University Center of Excellence for Photovoltaic Research, funded by the Department of Energy.

It claims to "dramatically" cut the cost of the photovoltaic value chain.ADNFCR-2756-ID-19566896-ADNFCR

 

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