Following the trend of many other PV module manufacturers to move downstream into the project development arena, SolarWorld has acquired in excess of 95% of the shares of Solarparc as part of its voluntary public take-over.

SolarWorld expects to delist Solarparc from the German stock exchange and convert it into a 100% owned subsidiary.

“Our objective is to build more turnkey solar parks outside of Germany in lucrative markets such as India and South Africa,” noted Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG.