ANNOUNCEMENT 11 Nov 2009

On 11 November 2009, the EIB provided financing worth EUR 450 million (USD 671 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 11 Nov 2009 | Removal date: open ended

State loan

On 11 November 2009, the European Investment Bank (EIB) announced an agreement worth EUR 450 million (approx. USD 671 million) for the project Solar Wafer & Thin Film from Germany. The total cost of the project is estimated at EUR 900 million.

According to the project description issued by the EIB, Establishment of photovoltaic (PV) wafer, cell and module manufacturing capacities at two locations in Erfurt and Arnstadt, Thuringia, Eastern Germany..

The objective of the project is defined as following: The investments concern manufacturing installations for thin film modules and cristalline PV solar wafers, solar cells and modules. The facilities will have annual capacities of respectively 120 MWp in thin film modules and 450 MWp in cristalline cells. An extension of research facilities is also planned..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 

AFFECTED PRODUCTS