MiaSole Receives Federal Tax Credits for Manufacturing Solar PV Cells and Modules

MiaSole has received two Advanced Energy Manufacturing Tax Credits amounting to USD 101.8 million from the Obama Administration. MiaSole, a leading manufacturer of copper indium gallium diselenide (CIGS) thin-film photovoltaic modules, will utilize these two credits to manufacture Solar PV Cells and modules based on a ground breaking thin-film production technology. The cost of renewable clean electricity generation will be reduced by these Solar PV Cells.

MiaSole will be creating more jobs at its manufacturing facility in Santa Clara, California to increase its production. In the year 2009, MiaSole’s workforce has increased from 150 to 300 employees.

Dr. Joseph Laia, Chief Executive Officer, remarked that the Department of Energy’s trust in the technology and business of MiaSole is reflected through the award of two Advanced Energy Manufacturing Tax Credits. Laia further stated that the support provided by the Obama Administration is motivating and that the company is hoping to strengthen its manufacturing capacity and create fresh jobs with the help of the funds. The company also commended the Administration’s commitment to create green manufacturing jobs.

A sum of USD 2.3 billion in tax credits is distributed for investments in 183 manufacturing facilities all over the 43 states. These manufacturing facilities produce clean energy products. A total of more than 500 applications were submitted for these tax credits and selection was made based on their creation of domestic jobs, commercial viability, potential for reducing greenhouse-gas emissions and air pollution, swiftness in completing the projects and their technological innovation.

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