The European Commission has authorised, under EC Treaty State aid rules, €25 million of regional investment aid for the German company Sovello AG (formerly EverQ GmbH) for the production of String- Ribbon solar modules in Sachsen-Anhalt, Germany for a solar energy investment project. String-Ribbon technology involves running long wires through a silicon melt to achieve a long ribbon of silicon. The project involves investment of €115 million and is expected to create over 1000 new jobs in the region. After an indepth investigation, opened in May 2008, the Commission concluded that the positive impact of the investment on regional development outweighs the potential distortions of competition.