The Signet facility will produce large-area thin-film silicon photovoltaic modules for commercial rooftop and ground mounted solar power systems. The first phase of the plant will have an annual production capacity of 65MW, enough to power approximately 20,000 homes. Signet's long-term plans call for expansion and the creation of a total of 600 jobs. The plans also call to increase production capacity to 300MW per year with a 600,000sqft production facility. Rajeeva Lahri, co-founder and CEO of Signet Solar, said: "New Mexico was an obvious starting point for Signet Solar's expansion into the growing US renewable energy market. Under governor Richardson's leadership, New Mexico has demonstrated commitment to renewable energy through public-private partnerships, leveraging its skilled workforce and world-class research institutions."