SolarWorld acquisition of PV project developer Solarparc completed

Financials

  • SWVK
    ETR
    14.90
    +0.10 (0.68%)
    9:15AM GMT+1

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.

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 25th Edition

    In this issue we offer some insights into what the next wave of photovoltaic technologies may look like as that upturn gathers pace. Industry observers have been in broad agreement that the major next-gen PV technology innovations won’t happen straight away. But there’s also little doubt that the search is now on in earnest for the breakthroughs that will come to define the state of the art in the industry in the years to come.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media