Spanish energy giant Iberdrola has joined forces with solar module maker Exiom Solution to build a plant in northern Spain. The plant is supposed to start commercial operations by the end of this year.
Iberdrola said this week that it is now working with Exiom Solution to build a solar module factory in Langreo, Spain. The company has not disclosed the planned capacity of the plant, but said it will be one of Europe’s first “industrial-scale” facilities.
It initially invested 20 million euros ($21.3 million). It plans to start commercial operations by the end of this year.
“Exiom is a manufacturer with 100% Spanish capital, located in Asturias itself, and one of the only European companies to appear on the prestigious list of Tier 1 manufacturers,” said Iberdrola. “The opening of this new factory in Europe corresponds to the interest of both companies in competitive production at the EU level, which focuses on solar panels in the first phase and enables the expansion of the partnership to other parts of the solar electricity value chain.”
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Exiom currently manufactures solar modules in two factories in China with a combined capacity of 1 GW. Its main markets are Europe and Asia. Its turnover in 2022 was around 200 million euros and it currently employs around 300 people.