Italian company MegaGroup is to build a manufacturing plant for solar products in Bosnia. The factory will have a capacity of 120MW a year and will be built on 20,000 square metres of land in Kozarska Dubica.

The €12.5m facility will make mono and polycrystalline silicon ingots and wafers for photovoltaic cells in its first phase, with commissioning expected by the end of 2016. 90 workers will be employed after being specifically trained to work in a high technology sector.

The later phase of the project foresees a further production capacity increase and establishment of other PV Value Chain parts, with an overall investment of 35 million Euros allowing the creation of one of the largest European photovoltaic plant, carrying the Italian flag.

MegaGroup president Franco Traverso commented :

“We will aim to start production of mono and polycrystalline silicon ingots and wafers by the end of 2016 in order to provide the raw materials for cells and modules production. This is the first step towards the creation of a world photovoltaic hub.”