German-based PV manufacturing start-up, Smartenergy Renewables said that recent success with its glass/glass utility market crystalline modules would lead to ramping production higher and that it had strengthened its management team to further exploit downstream business opportunities.
Having acquired the former CIGS thin-film production line of failed US-based NanoSolar and converting the facility to conventional crystalline module production for glass/glass modules, Smartenergy reiterated its nameplate capacity was 120MW and was producing modules of 295Wp.
“We have a highly competitive cost position due to the high degree of automation at this facility. The impressive product advantages of our solar panels ‘Made in Germany’ are due to our manufacturing team`s enormous experience with glass/glass technology, a premium alternative to conventional modules that the market is rapidly picking up on,” said Horst H. Mahmoudi, chairman and CEO of Smartenergy Renewables AG. “With the completion of the first 1.9MW project, we have demonstrated our ability to execute and we thank all involved parties that helped make this happen.”
The company did not provide details concerning current utilisation rates or expected ramp targets.
However, Smartenergy also said that it had strengthened its management team with three senior appointments that included Dr. Stefan Parhofer, formerly CEO of Gehrlicher Solar USA, Dr. Erik Oldekop, formerly in charge of renewable energy investments at aeris CAPITAL AG and Werner Matuschek.
Dr. Parhofer will be in charge as chief project officer to develop the international downstream project business, while Dr. Oldekop will be responsible for financing activities. Matuschek was hired as a seasoned manufacturing executive with long experience in the solar industry, to manage the PV module manufacturing operations.