
A consortium of German companies, made up of centrotherm and Kinetics Germany, has signed an agreement with Société Nationale de l'Electricité et du Gaz (Sonelgaz), an Algerian state-owned company, for the construction of of "almost" fully integrated solar module production facility in Algeria, about 30 km east of Algiers. The new factory will cover the entire value chain, starting from ingot production all the way to finished solar cells and solar modules. This will allow low production costs and make the manufactured solar products cost competitive on the market. The agreement represents a contract value of EUR 290 million for the consortium, of which the greater part will go to centrotherm.
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