Solar modules produced by First Solar, Inc. (Nasdaq: FSLR) in its factory in Frankfurt (Oder), Germany, satisfy requirements for a 10% feed-in tariff premium in Italy after passing a thorough factory inspection, the company announced today.
Solar modules produced by First Solar, Inc. (Nasdaq: FSLR) in its
factory in Frankfurt (Oder), Germany, satisfy requirements for a 10% feed-in
tariff premium in Italy after passing a thorough factory inspection, the
company announced today.
The news follows an official Factory Inspection certification by VDE, the
German Association for Electrical, Electronic & Information Technologies,
on the basis of guidelines established by the Italian government as part of its
"Conto Energia 4" (CE4) feed-in tariff program. The CE4 intends to
encourage the use of components "made in
Europe
"
with the program, which rewards projects that contain at least 60% local
content with a 10% premium over normal feed-in tariff rates.
"This certification provides an added value to our customers in
Italy
by
increasing the attractiveness of investments in commercial PV systems,"
said Stephan Hansen, Vice President of Sales for First Solar in
Europe
, the
Middle
East
and
Africa
. "It also validates our
commitment to manufacturing in
Europe
,
which remains one of our most important markets globally."
First Solar has operated a manufacturing plant for its innovative, thin-film
solar modules in
Frankfurt
(
Oder
),
since 2007. The company is currently in the process of doubling manufacturing
capacity at the plant to approximately 500MW a year. First Solar employs more
than 1,200 people in
Frankfurt
(
Oder
) and
more than 1,400 in the European Union overall and was recently recognized as a
Great
Place
to Work by
Germany
's
Great
Place
to Work Institute for the second year in a row.
In addition, most of the raw materials that First Solar uses for its German
production are sourced within the European Union.
First Solar modules also recently received the IEC 61701 certification
demonstrating their resistance to corrosive salt mist in coastal environments. All
First Solar modules are covered by a 25-year performance warranty and the
company offers an industry-leading, prefunded module collection and recycling
program. Moreover, the resource- and energy-efficient way in which First Solar
modules are produced results in a best-in-class energy payback time and the
smallest carbon footprint among all commercially available PV technologies.
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