November 16, 2010 / 11:24 PM / 8 years ago

UPDATE 1-Arise to double capacity at German plant

* Says to buy 2 60MW cell production lines

* Sees production capacity of 205MW at German plant

* In talks with European co for Silicon division

Nov 16 (Reuters) - Canadian solar technology provider Arise Technologies APV.TO said it plans to more than double production at its German plant and that it is in talks with a private European company to commercialize its silicon technology.

Ontario-based Arise said it would buy two 60 MW photovoltaic cell production lines to increase production capacity at the Bischofswerda plant to 205 MW from 85 MW, and expects to begin shipments from the lines in 2011.

The company, which has been in talks for partners for its Silicon division, said it is seeking to finalize a deal with a private European alternative energy company by the end of the year.

Arise’s shares, which have fallen almost 21 percent year to date, closed lower by 2.33 percent at 21 Canadian cents on Tuesday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Vyas Mohan)

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