News

14 January 2010

 

MiaSolé awarded $100m in US tax credits to ramp up CIGS PV manufacturing

MiaSolé of Santa Clara, CA, USA, which was founded in 2001 to make copper indium gallium diselenide (CIGS) thin-film photovoltaic modules, has received two Advanced Energy Manufacturing Tax Credits (MTC) totaling $101.8m from the Obama administration for the manufacture of solar cells and modules that aim to lower the cost of renewable clean electricity generation. After doubling staffing from 150 to 300 in 2009 and starting commercial shipments last November, MiaSolé will be adding jobs to ramp up its plant.

The American Reinvestment and Recovery Act of 2009 (ARRA) authorized the Department of Treasury to award a total of $2.3bn in tax credits for investments in 183 manufacturing facilities for clean energy products across 43 states. More than 500 applications were submitted. Winners were selected on the basis of their commercial viability, domestic job creation, technological innovation, potential for reducing air pollution and greenhouse-gas emissions, and the speed at which the projects would be completed.

“The award is a reflection of the Department of Energy’s confidence in MiaSolé’s technology and business model,” believes CEO Dr Joseph Laia. “We look forward to ramping our manufacturing capacity and creating jobs aided by these funds,” he adds. “We also view the commitment of the administration to create green manufacturing jobs as important in positioning the US towards the future.”

See related items:

MiaSolé starts commercial shipments of CIGS PV modules to multiple customers

MiaSolé’s CIGS PV modules receive UL and IEC certifications

Search: Miasolé CIGS

Visit: www.miasole.com

Visit: www.energy.gov/recovery/48C.htm