Wagner & Co has teamed up with UK photovoltaic equipment supplier AC Solartechnic to form the joint venture Wagner Solar UK. The new company will start business in November 2010, working from AC Solartechnic's current site located in West Sussex, UK, reports Solar Power Portal.
AC Solartechnic founders Carsten Pump and Mark Osborne will lead the work at the new facility as Managing and Finance Directors of the company. Alexander Storek, Sales Manager from Wagner, Germany will also join the board.
“The formation of Wagner Solar UK is an important move both for AC Solartechnic and for Wagner & Co,” said Andreas Wagner, Co-Founder of Wagner & Co. “The UK is a key market which continues to expand rapidly, and it would very much appear that the new government is set to maintain the right environment for further expansion. Wagner Solar is here for the long term, and we shall use our resources to the full to serve our UK customers both now and in the future.”
“There is no doubt that Wagner Solar UK is in a prime position to give all of our support to our customers, both new and old,” says Managing Director Carsten Pump. “Currently, there is a world-wide under-supply of photovoltaic equipment, but thanks to the long-term experience and the long-lasting contacts of Wagner & Co, the new joint venture will have privileged access to some of the world´s greatest manufacturers.”
The new joint venture already has a market share of approximately 12% of all photovoltaic systems installed in the UK in 2010, with significant potential for further growth.