Solar industry capital equipment supplier Spire Corporation has announced that its 53,000 square foot manufacturing facility expansion, together with its re-focused Spire Semiconductor solar cell concentrator operations, are on track to increase the company's revenues in the solar energy and solar capital equipment markets.
The company estimates that, at full capacity, its Bedford, Massachusetts, headquarters facility can produce solar capital equipment valued at approximately $200 million in annual revenues.
Spire stated that, based upon currently contracted backlog and anticipated delivery schedules for equipment, the company projects total revenues for 2008 to be approximately $80 million, primarily generated from the sale of solar capital equipment and turnkey solar factories.
Roger Little, Spire’s chairman and CEO, said: We’re in the midst of a historic expansion of capacity in the solar field, with manufacturers around the globe scrambling to bring factories on line to take advantage of the coming availability of silicon solar feedstocks.