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Germany’s AE Solar to open 1 bln euros solar panel manufacturing factory in Romania

During a recent meeting with Romania’s Prime Minister Nicolae-Ionel Ciucă, the Germany-based AE Solar announced that it will open a factory for solar panel manufacturing in Romania, with a total value of the investment estimated to cost one billion euros.

In the initial phase, the project will have a capacity of 2 gigawatts (GW). Upon completion of the full integration of production flows in Romania, it will reach 10 GW, representing a third of the European demand. The company representatives have confirmed that they will carry out the first phase this year, according to the Romanian government.

“This investment will place Romania at the centre of European solar panel manufacturing, contributing substantially to energy independence and environmental protection by using renewable, clean energy for electricity generation. Thus, the government responds not only to a pledge made at the European level but also to the need felt by citizens and private companies to access less expensive and more environmentally friendly solutions to have energy,” said Prime Minister Nicolae-Ionel Ciucă.

At the government level, the resources that can be secured through European funding or from the state budget will be analysed in the context of supporting the development of the factory, the Romanian government said.

The Black Sea Universities Network specialists, with whom PM Ciucă also met during his meeting with AE Solar, will also be involved in the project, cooperating through a science park complementary to the production facilities.

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