ERFURT, BRUSSELS: ersol Solar Energy AG (ersol) recently received the anticipated approval of EU Commission subsidies towards investments in the crystalline sector.
The Free State of Thuringia and the Federal Republic of Germany had already accepted this support subject to the approval of the European Commission. With an investment volume of € 530 million ersol will be expanding the factory site at Arnstadt as planned.
This will include the expansion of the nominal capacity in the solar cells sector to 630 MWp over the next few years, together with the establishment of its own module production capacities. The grants now approved will cover more than 10 percent of the overall investment and are a fixed element of the investment planning. The expansion is to be financed with Bosch Group loans and internal ersol funds.
“We are delighted about the approval of subsidies from the European Union. This will enable us to invest over half a billion euros at our Arnstadt manufacturing facility in the next few years. We would like to thank in particular the respective Departments of Trade and Industry of the Free State of Thuringia and the Federation, who lobbied for this important support,” said Holger von Hebel, CEO of ersol Solar Energy AG upon hearing the positive news from Brussels.