Shunfeng purchases Sunways PV inverter and BIPV businesses

Facebook
Twitter
LinkedIn
Reddit
Email

Bankrupt German-based PV firm, Sunways has sold its PV inverter and BIPV businesses to Shunfeng Photovoltaic for an undisclosed sum.

Shunfeng has acquired over 30 entities since plans and investors supported the transformation of the company from a tier-2 solar wafer supplier to an integrated downstream PVEP (Photovoltaic Energy Provider), notably with the recent acquisition of Wuxi Suntech, which will supply modules for its downstream project pipeline that already exceeds 4GW and counting.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Sunways said that Shunfeng had acquired the PV inverter and BIPV businesses brand names, patents and IP as well as equipment, inventories and related employees as well as certain selling and administrative areas, but outstanding liabilities from these business segments are excluded.

The deal was also said to not provide Sunways with sufficient capital cover a “repayment of shareholders' investment in Sunways after conclusion of the insolvency proceedings.” 

Read Next

May 23, 2025
The California State Assembly’s Appropriations Committee has passed a net metering bill that could worsen residential solar owners’ rates when acquiring a property.
May 23, 2025
TotalEnergies has commissioned its largest solar portfolio in Europe, a collection of five assets in Spain with a combined capacity of 263MW.
May 23, 2025
The US House of Representatives has passed a bill slashing tax credit provisions for clean energy projects.
May 23, 2025
As European power markets consolidate and become more competitive, the increasing frequency of negative capture prices is challenging the viability of renewable energy projects.
Premium
May 23, 2025
The PPA is a 'cornerstone' of the European renewables space, according to speakers at Solar Media's Renewables Procurement & Revenue Summit.
Premium
May 23, 2025
Tongwei's CEO has told an annual shareholder meeting that next year will see a turning point in industry fortunes as obsolete capacity is phased out.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia
Solar Media Events
September 16, 2025
Athens, Greece