First Solar Breaks Ground For Vietnam Manufacturing

First Solar, Inc. (Nasdaq: FSLR) officially broke ground on its four-line photovoltaic module manufacturing plant in the Dong Nam Industrial Park near Ho Chi Minh City in Vietnam.

The $300 million manufacturing plant is scheduled to begin commercial production in the second half of 2012 and employ around 600 people. Up to 2,000 people will be involved in the construction.

The plant will produce more than 250MW of First Solar’s thin-film solar modules each year, with the flexibility for future expansion.

First Solar plans to install some 3MW of its modules on the factory roof.

The factory also will include a recycling plant, a key feature of First Solar’s commitment to cradle-to-cradle life cycle management and extended producer responsibility. The process currently recovers up to 90% of a module’s semiconductor materials and glass, by weight, for use in new solar modules and glass products.

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