Solel Solar Systems, Ltd. received a €1.8m ($2.6m) grant from the Ministry of Innovation, Science and Enterprise of the Andalusian Region of Spain in order to develop a facility, which will produce solar field components.
The facility, in La Carolina, will be Solel‘s first manufacturing plant in Spain, and will include lines for the production of parabolic reflectors, metal supports for solar collectors and other essential components used for conversion of sunlight to clean electricity.
The plant is expected to be completed in 2012, however, part of the manufacturing lines will be operational already this year. In the new facility, Solel expects to employ in the coming year 70 workers, and 300 by 2012.
The total investment by Solel in the facility is $12m.
Currently, Solel employs about 500 workers, with its headquarters, manufacturing plant and R&D center in Beit Shemesh, Israel. It operates in the U.S. and Spain through subsidiaries, and is represented for sales in Spain by PASCH Y CIA.
The company began operations in Spain in 2006 as a technology provider and then joined with construction company Sacyr Vallehermoso in order to build three power plants with a total capacity of 150 MW. The first of these plants, the 50 MW Lebrija 1 facility, will begin operations in 2010.
FinSMEs
24/09/2009