Solar spot market pvXchange reports successful 2008 and announces company expansion

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Berlin-based pvXchange, the photovoltaic spot market trading company, has provided positive reports of its sales for 2008 and as a result has decided to open a public limited company. pvXchange international N.V., with offices in Maastricht, Netherlands, will be involved with all business dealings of the company, leaving the parent company (pvXchange GmbH) to continue operation of the international solar trading platform.

The company saw a trading volume of approximately €300 million in 2008, a more than 100% increase on 2007’s trade figures. Martin Schachinger, company CEO, puts this increase down to the current economic crisis and people’s need to avoid risk and high prices. pvXchange has seen a significant increase in its customer base, which now numbers close to 3,000, and it expects this number to increase further over the next few years.

“Many module vendors will soon no longer be able to afford their own costly sales and distribution structure. With our streamlined structures and customer advisors in all important regions, we offer clear advantages in this respect,” Schachinger explains.

Around half of the solar modules being traded are for use in projects in Spain, France and Italy, while the company has expanded its sales catchment area meet demand from countries including the USA and India.

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