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SolarWorld acquisition of PV project developer Solarparc completed

Financials

  • SWVK
    ETR
    11.50
    -0.16 (-1.41%)
    5:36PM 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.

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