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SolarWorld acquisition of PV project developer Solarparc completed


  • SWVK
    -0.27 (-1.80%)
    5:36PM GMT+2

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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    Forecasting the evolution of a young, dynamic industry is by definition an uncertain business, and solar is no exception. Rarely, if ever, do the numbers broadcast by any of the various bodies involved in the PV prediction game tally, and even historical deployment rates remain the subject of hot debate. The paradox is that getting forecasts broadly right is going to become increasingly important over the next few years, particularly for those involved in producing the equipment that will support whatever levels of demand come to pass.



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