German Solar Producer in $3.5bn Mexico Investment

German solar cell producer Q-Cells will invest $3.5bn in a production complex in Mexicali, according to the Mexican government. Construction of the first facility is expected to start in the second half of 2008. “Expansion plans are contingent upon the development of the photovoltaic markets in the US, Mexico and Latin America, that will be supplied from Mexicali,” Q-Cell says. The company expects to better reach the growing markets in the region and hedge against currency fluctuations, it says.