New legislation in Ukraine may influence Activ Solar to manufacture its own modules, but the company is also looking at German companies to provide assets as their domestic impact begins to dwindle.
The changing legislation is slated to take effect in 2014 and makes a point to have companies like Activ Solar use more locally sourced content. Since Ukraine does not currently house any large solar companies, German companies are anticipated to export their technology abroad, in order to not only help Activ Solar, but also establish themselves in a new market. Companies such as Phoenix Solar, the Vogt Group and SAG Solarstrom hold the most potential to be the enticed by the opportunity.
“This is an opportune time to look at acquisitions and we're certainly pushing very hard to build on our execution capabilities. Acquisition could certainly be a fast track way of doing this,” Kaveh Ertefai, CEO of Activ Solar, noted to Reuters in an interview. “Some of these companies are in good shape but just because Germany and Italy accounted for 60% of the market last year they've been caught out by austerity programmes and subsidy cuts,” he added.