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New EU Solar Reshoring Boost As Iberdrola Backs ‘industrial Scale’ Factory In Spain

New EU solar reshoring boost as Iberdrola backs ‘industrial scale’ factory in Spain

New EU solar reshoring boost as Iberdrola backs 'industrial scale' factory in Spain

Renewables giant Iberdrola has teamed up with local developer and panel maker Exiom to set up a PV module factory in Langreo, Spain, as Europe tries to reshore at least parts of the solar industry. The plant that is slated to start operations with a 200MW production line as soon as this year and eventually have a capacity of 500MW has an initial investment of €20m ($21.29m); it is aimed at attracting part of the value chain linked to renewable energy to Spain and turn the country into a hub for the re-emerging solar sector on an industrial scale.

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Daisie Hobson

Daisie Hobson is a Director at the Reshoring Institute and an engineer with many years of experience in manufacturing and project management.

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