Schott Solar said Monday it will invest $100 million in a factory in New Mexico to make equipment destined for solar power plants.
The southwestern United States desert is becoming a magnet for solar investment. Utilities need to comply with renewable energy mandates, and large-scale solar installations are considered reliable and relatively cost-effective.
The Schott plant will initially produce receivers for its concentrated solar thermal power plants and 64 megawatts of photovoltaic modules. The facility is expected to begin production in 2009.
Longer-term, the company expects to make a total investment of $500 million in the facility, which will be … Read more