Oerlikon Solar’s Statement on Stimulus Package
TRUBBACH, Switzerland-(Business Wire)-February 17, 2009 - Jeannine Sargent, CEO Oerlikon Solar: “Oerlikon solar applauds the speed and effectiveness that the House, Senate and the Obama administration has demonstrated in passing the American Recovery and Reinvestment Act. As the global leader in silicon thin-film manufacturing equipment and factories, Oerlikon Solar can be a key participant in helping spur the manufacturing sector in the U.S. by stimulating new investment in factories that produce thin-film solar panels to serve the largest and fastest-growing market in the world for solar energy, the United States.
In particular, the manufacturing tax credit is an excellent first step to help generate some of the five million new green jobs President Obama has cited in his commitment to help transform our energy infrastructure from fossil fuels imported from abroad to clean energy manufactured and produced in America. With the initial $2 billion investment, our goal is to demonstrate the merits of continued support of the manufacturing sector as a key driver of economic recovery.
Oerlikon Solar also commends the vision and leadership of the ITC grant provision to help investors and developers capture the value of the 30 percent investment tax credit for renewable energy projects. This provision will loosen gridlock in the capital markets with funding for shovel-ready solar projects that have been on hold due to lack of available financing. This provision will benefit the entire solar industry as it can apply to projects of any size.
While this has been a difficult economic time for us all, it’s also an opportunity to renew, redefine and reinvent our world. This stimulus package is a strong step in helping accelerate Oerlikon Solar’s goal of making solar power economically viable, a goal we believe will bring solar power to the United States and the world on a scale that has never been seen before.”
- Jeannine Sargent, CEO, Oerlikon Solar
About Oerlikon Solar
Oerlikon Solar offers field proven equipment and end to end manufacturing lines for the mass production of Thin Film Silicon Solar Modules. Engineered to reduce device cost and maximize productivity, its end-to-end solutions are fully automated, high yield, high uptime, and low maintenance.
The production lines are complete systems, yet modular and upgradeable in both throughput and process technology. As a global leader in Thin Film Technology, the company provides its customers with extensive experience in both amorphous and high-efficiency micromorph® tandem technology.
Oerlikon Solar is headquartered in Truebbach, Switzerland and is currently building a second manufacturing site in Singapore. It has over 850 employees in 20 locations world wide, and maintains sales and service centers in the USA, Europe, China, Korea, Taiwan and Japan.
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