Press Release: State aid: Commission endorses €45 million aid to Deutsche Solar AG for solar wafer plant

The European Commission authorised on 6 July 2010 €45 million of regional investment aid for the German company Deutsche Solar AG for the production of solar wafers in Freiberg, Germany. The project involves an investment of €350 million and is expected to create at least 130 new jobs in the region. After an in-depth investigation, Germany reduced the planned aid amount to take account of aid already received by the same company for previous investments in the same sector. The Commission therefore concluded that the positive impact of the investment on regional development outweighs the potential distortions of competition.