With an investment volume of € 530 million ersol will expand the nominal capacity in the solar cells sector to 630 MWp over the next few years, together with the establishment of its own module production capacities.

The EU grants will cover more than 10% of the overall investment and are a fixed element of the investment planning. ersol's expansion is to be financed with Bosch Group loans and internal ersol funds.

“We are delighted about the approval of subsidies from the European Union. This will enable us to invest over half a billion euros at our Arnstadt manufacturing facility in the next few years,” says Holger von Hebel, CEO of ersol Solar Energy AG.