Finnish Luvata to invest in solar panel wires
Reporting by Sakari Suoninen; editing by James Jukwey
HELSINKI, Feb 20, 2008
Source: Reuters UK
http://uk.reuters.com/article/oilRpt/idUKL2047318020080220
Finnish copper products maker Luvata said on Wednesday it would invest 20 million euros ($29 million) in production equipment for solar panel wires, hoping to benefit from renewable energy boom. Solar panel makers are demanding thinner photovoltaic wires as panels become smaller, and Luvata’s thinner wires minimise shadowing on the energy-capturing cells, it said.
Luvata, owned by venture capital firm Nordic Capital, would expand production in its plants on Finland and the United States and build a new plant in Malaysia. Solar-generated power production is estimated to more than double to above 8 gigawatts by 2010, the firm said.