The first solar cell production line was opened in Vilnius on 26 January. Modernios E-technologijos (MET) and Precizika Metrology (PM) invested EUR 2.9 million into the project.
Dainius Kreivys, the Minister of Economy, participated in the opening of the production line and expressed his hope that this was the birth of the totally new sector in Lithuania’s economy, which could grow into a significant industry and would become a pillar of growth.
‘It is estimated that the clean-tech sector is creating seven times more of added value than traditional industries. I hope that this investment will become a great example of how high technology is becoming an every day reality in Lithuania’s industry,“ said Mr. Kreivys during the opening ceremony of the factory.
According to Precizika Metrology CEO Algimantas Barakauskas, it is estimated that the line should generate about EUR 5.8 million in the annual revenue, even though the 2010 revenue might reach EUR 2.9 million.