Solar Semiconductor has signed a deal to acquire Solar Infra and named Larry Holmberg as its new CEO. Holmberg, who also joins the company’s board, is a cofounder and CEO of Solar Infra.
Holmberg said that with its strong technology, quality manufacturing, R&D, and project development teams in India, Solar Semiconductor is poised to take advantage of one of the largest solar markets in the world. “I look forward to working with our customers, employees and partners to build upon the existing advantage that Solar Semiconductor is already the number-one solar company in India. I am extremely excited about our future in India and around the world.”
“We are very excited to have Larry join our executive team,” said Hari Surapaneni, chairman of Solar Semiconductor. “He brings a wealth of executive experience in the solar and high-tech industries and has a track record of success in engaging customers, suppliers and employees. Larry's experience and leadership will ensure our continued success and enable us to meet the challenges that the solar industry faces in the current global economy.”
Solar Semiconductor has 195MW of crystalline-silicon solar cell and module manufacturing capacity at its facilities in Hyderabad, India, and is involved in various systems integration projects around the world.