First Solar Plans To Open Eight New Production Lines

First Solar Inc. says it will expand to an additional eight production lines at its manufacturing center in Kulim, Malaysia. The new lines will begin production in the first half of 2011.

The company plans to invest $365 million of capital to add two production plants, consisting of four manufacturing lines each. This expansion is expected to increase First Solar's annual capacity by 424 MW, assuming the third-quarter 2009 reported annual line run rate of 53 MW.

First Solar is expanding capacity to satisfy a global contracted and advanced pipeline of over 6 GW from 2010-2012, according to Rob Gillette, First Solar's chief executive officer.

SOURCE: First Solar Inc.

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