Thursday, May 29, 2008
Abu Dhabi's clean technology venture, the Masdar Initiative, has announced a $2 billion investment in thin-film photovoltaic solar technology.
Phase one of the project involves an investment of $600 million, which will fund the development of two manufacturing facilities.
The first plant, to be based in Erfurt, Germany, will be operational by Q3 2009. A second facility in Abu Dhabi will begin initial production by Q2 2010. The combined annual production capacity of these two sites will be 210 megawatts.
Applied Materials Inc. has struck a deal with Masdar to bring the first major photovoltaic (PV) manufacturing capabilities to the Middle East with three of its turnkey lines, dubbed SunFab.
By: DocMemory
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