Expansion of the horizon with new Facility inauguration for AE SOLAR in Georgia

AE SOLAR, a German solar module manufacturer, has launched its new facility in Georgia, Europe on 21st May 2019, marking the beginning of a new chapter for the company. The event was graced by Mr. Mamuka Bakhtadze, Prime Minister of Georgia (Parliamentary Republic) and other guests. Established in 2003 AE Solar currently manufacturing more than 1 GW of an annual output. Phase One of Georgian factory added 500 MW of annual manufacturing capacity that can be expanded up to 1.2 GW at the same facilities.  AE Solar’s Georgian factory is specifically situated to combine efficient production times, lower costs, smoother logistics. With an address in the Industrial Free Trade Zone, AE Solar is able to import components and materials tariff-free and then ship them from the nearby port of Poti at the Black Sea to the world market.



 

AE Solar’s Chief Executive Officer Dr. Alexander Maier said, “The 500 MW factory in Georgia is the first chapter in AE Solar’s expansion plans for 2019-2020. Thanks to better costs and ambitious initiatives we are planning to double our current capacities till 2021 and start cells manufacturing in Europe”.

Innovating in the laboratory as well as on the field, AE Solar has accomplished a plan that started a year ago, the launch of the 500 MW factory in Georgia, Europe. Aside from proudly showcasing the latest assembly line technology, the Georgian factory allows AE Solar to expand its production close to where the action is. AE Solar continues its expansion drive with USA, Europe and MENA being key target areas for future factories.

Business | News published on 13/06/2019 by Hemant Arora

 
 
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