The plant will thin film technology, which proves the great interest for this technology that the industry is showing lately. The project, valued at $3.5 billion, is thought to be the biggest private investment in Mexico this year.
The plant will be located in Mexicali -just South of California- and is expected to be operational by next year. The initial production will be dedicated to the US market. The total plant capacity will be around 400 - 600 MW once it is completed by 2010.
"We can bring costs right down because of the low material input. That will allow us to be very competitive with prices consumers pay for electricity from the grid," Q-Cells representatives said. "In Mexicali, we are close to California and the US market, which we see as the biggest growth market in the coming years," the company added.
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