demonstrated the completion of its European panel-assembly factory as part of
an inauguration event attended by Germany's Minister of the Environment, the
Governor of the State of Brandenburg, and a host of other leading public officials.
Located in Luckenwalde near Berlin, the fully-automated factory processes Nanosolar
cells into finished Nanosolar panels using innovative high-throughput manufacturing
techniques and tooling developed by Nanosolar and its partners.
The panel factory is automated to sustain a production rate of one panel every
ten seconds, or an annual capacity of 640MW when operated 24x7. Nanosolar also
today announced that serial production in its San Jose, California, cell production
factory commenced earlier this year.
"Getting to the point of serial production with the unusual cost reduction
involved in our technology is an accomplishment due to the incredible work and
perseverance of our team," said CEO Roscheisen.
Production is presently set at approximately one MW per month. As Nanosolar's
customers attain project financing from commercial banks for the new panel product,
the company will increase its monthly production rate to deliver on its contractual
customer commitments totaling $4.1 billion to date.
Said CEO Roscheisen: "With almost all large solar installations credit
financed, broad based product bankability is our key next commercial goal. We
have long prepared for this, including through the technology choices we have
made, the strong balance sheet we have maintained, the quality of customers
we have secured, and the local production we have built."
At Nanosolar, we design, engineer, and manufacture solar power technology
that sets the standard for cost and capital efficiency.
We believe that energy should be clean, safe, affordable, and abundant; and
that a path to this exists through technology and innovation.
We love technology and have an intense focus on research and development –
and do not shy away from even the most complex science, process, or engineering
We don’t install solar power systems; our partners do.