Robert Bosch GmbH expanded production of solar cells used to make electricity-generating panels at a new plant in central Germany.

Bosch Solar Energy opened a crystalline solar cell factory in Arnstadt, Germany today, the company said on its website. Bosch aims to triple production capacity to 630 megawatts annually with the new site.

Installations of solar panels around the world may reach a record this year, according to Bloomberg New Energy Finance estimates. Most solar power equipment is made with either silicon materials, like those made by Bosch, or so-called thin- film technology.

Bosch is investing 530 million euros ($673 million) through 2012 at its solar energy division, the company said.

---

23.08.2010, Robert Bosch GmbH

News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.