SolarWorld AG founder Frank Asbeck.
SolarWorld AG founder Frank Asbeck has been given approval to buy the major manufacturing and R&D assets of the company.
The new entity, SolarWorld Industries GmbH takes over the production facilities and distribution businesses in Europe, Asia and Africa.
Production is expected to start next week with 500 employees across its sites in Arnstadt, Freiburg and Bonn.
"I am delighted that after tough negotiations, we have succeeded in developing a future for SolarWorld production,” said Asbeck. “With the reboot, solar products are still being developed and produced at the highest level. SolarWorld remains the crystallization point of the European solar industry."
The company will continue its transition to mono PERC-only cells production.
"We plan to start with a production capacity of 700 MW, which can also be boosted to the previous capacity of more than 1GW. At launch, the company will have 515 employees. Of these, more than 12% are employed in research and more than 5% are trainees,” he said adding that the new company had already signed a 25MW order, without giving further details.
Leading ‘Solar Module Super League’ supplier, JinkoSolar has teamed with experts from TÜV NORD and Soltec to provide as usual a technically driven PV Tech ‘TechTalk’ series webinar to further understand the Tiger PRO modules impact on LCOE metrics. Register free now.
PV Tech is hosting a TechTalk Product Series webinar with LONGi Solar to help PV project developers, asset owners and interested parties become aware of the latest in utility-scale PV panel technology, performance and size that is redefining LCOE metrics.
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.
Going into its fifth year over 200 delegates from 150 companies and 20 countries representing the PV supply chain will gather in Malaysia to discuss the technology roadmaps for PV cell advancement in GW markets. The scope of the event has been expanded this year, to cover developments in wafer supply and thin-film investments and technologies alongside all the regular benefits to all stakeholders tracking PV technology and investment trends for the next 5 years.