LG Electronics (LG), a global leader and technology innovator in
consumer electronics, and Conergy AG, the leading Photovoltaic(PV)
solution provider, announced that they have signed a memorandum of
understanding to form a joint venture in the solar module manufacturing
business. LG would acquire a 75 percent stake in Conergy’s solar module
plant in Frankfurt (Oder), under the deal, and Conergy would retain 25
percent. The plant is currently in the ramp-up phase. LG and Conergy
project that their partnership would get underway by the end of this
year.
Read the full story >>
Company profiles:
