EMCC European Monitoring Centre on Change

Photowatt

Company/Organisation:
Photowatt

Geographic Location

Country: France
Region: Isère; Rhône-Alpes; Centre-Est
Location of affected unit(s): Bourgoin Jallieu (Isère)

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 500

Employment Effects

Announcement Date: 19-01-2007
Type of Restructuring: Business expansion
Employment Effect Start: 01-12-2008
Foreseen End Date: 31-12-2009
Planned Job Creation: 1400

Additional Information

Photowatt, a company specialised on photovoltaics, announced on 19 January 2007 its plans to enlarge a factory called 'Photovoltaïque' in the east of France (Bourgoin Jallieu, Isère). Photowatt currently employs 500 people at the site and will create 1,400 additional jobs between January 2008 and December 2009 in Bourgouin Jaillieu. The company has invested more than 125 million USD since 2002 into Spheral Solar, a joint venture of Photowatt with another company, but has yet to see any revenue from the business. Spheral Solar, which employs about 90 people in Cambridge, is developing technology for flexible solar panels that may be used in places not suitable for rigid, rectangular panels.