Chinese solar cell project to receive govt grant
A planned €12.8 million solar cell and solar panel plant the Hungarian-Chinese joint venture Orient Solar wants to build in Berettyóújfalu (E Hungary) has been made eligible for a type of state investment subsidy the government decides on a case-by-case basis, the JV's managing director Ferenc Galló said Wednesday.
The company was officially informed of the decree making the investment eligible for the made-to-fit subsidy by National Economy Minister György Matolcsy.
China's LGREAT and its Hungarian partner in the JV want to build a 15,000-sqm plant that can turn out an annual 800,000 solar cells with built-in capacity of 200MW. Much of the plant's output would be exported to other European Union member states.
The plant will start operating with 800 workers. But two expansions that would raise annual capacity to 600MW of product by 2016 would bring headcount to 2,000.
Construction of the plant could start in November and production could be underway just six months later.
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