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SCHOTT Solar to Build Production Facility in New Mexico (posted 2/1/08)

February 1, 2008
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SCHOTT AG and New Mexico Governor Bill Richardson recently announced that SCHOTT Solar, Inc. will construct a new solar energy technology production facility in Albuquerque.

SCHOTT AG of Mainz, Germany, and New Mexico Governor Bill Richardson recently announced that SCHOTT Solar, Inc., a wholly owned subsidiary of SCHOTT AG, will construct a new solar energy technology production facility in the Mesa del Sol region of Albuquerque, N.M.

Initially, the production site will manufacture receivers for concentrated solar thermal power plants (CSP) and 64 MW of photovoltaic (PV) modules. SCHOTT will construct a 200,000-square-foot facility, which is expected to begin production in 2009 and immediately create 350 jobs. The investment in New Mexico by SCHOTT Solar will be on the order of $100 million.

Anticipating the need to increase production of its solar power technologies as the market for renewable energy in the U.S. grows, the new site is designed to support expansion of its photovoltaic module and solar receiver lines. Long-term plans call for the building to expand to 800,000 square feet with 1500 employees, representing a total investment of $500 million.

“According to both industry analysts and our projections, the market for solar energy will double over the next five years,” said Udo Ungeheuer, Ph.D., chairman of SCHOTT’s board of management. “With this new plant, SCHOTT Solar, the State of New Mexico, the City of Albuquerque and Bernalillo County are taking a lead in answering the growing demand for renewable energy in the U.S.”

For more information, visit www.us.schott.com.

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