The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
100 jobs Number of planned job creations
Announcement Date
1 May 2006
Employment effect (start)
Foreseen end date
Description
The largest factory in Europe for the production of solar panels will be created by the end of May 2006 in Oliveira do Bairro.
In a first phase 100 direct jobs (20 percent of which will be qualified jobs) and 300 indirect jobs will be created.
The responsibility for this investment is of Solar Plus Production of Solar Panels (Produção de Painéis Solares SA). Solar Plus is a company with 80 percent of Portuguese participation (Eurico Ferreira and Telcabo as a major investors), Solar Plus has Energy Photovoltaics Inc (from USA) as its technological partners.
The large majority of the production will be for the external market: USA, Germany, Spain and Italy.
Solar Plus intends to double the production in 2007, becoming the largest units in the world in this sector.
Sources
1 May 2006: Público
Citation
Eurofound (2006), Solar Plus, Business expansion in Portugal, factsheet number 63485, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63485.
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