Solar Shakeout: Würth Solar announces solar business divestment plans

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German PV developer Würth Solar, part of the larger industrial group Würth, has announced plans to outsource most of its solar business to BayWa and an unnamed second partner.

The decision was made following a comprehensive internal evaluation of the company’s activities. Würth said its solar business would offer more opportunities for companies where solar activities represent their core business. 

Karl-Heinz Groß, CEO of Würth Solar, said: “We have come to the conclusion that major basic conditions and prerequisites for success on the photovoltaic market do not apply so much to the Würth Group as they do to companies which have defined renewable energies as their core business.”

As part of the company’s outsourcing plans, BayWa, a German energy firm, will assume Würth Solar’s activities in the specialised dealer sector in Germany and Switzerland as well as the company’s operations and maintenance division for PV plants. This includes the acquisition of the installation system manufacturer Creotecc which has activities in Germany and the US.

“With BayWa we have found a reliable partner, which has already been successfully active on the energy market and in the field of renewable energies for many years. BayWa will assume the know-how we have built up and the experience of our employees in the areas of trade and installation systems. The same conditions apply to other corporate partner with which we are currently conducting specific negotiations on the solar power plant division. Our solar business will be continued in these companies,” added Groß.

Würth Solar has also revealed that it is currently in negotiations with additional unnamed partners concerning the takeover of its solar power plant activities.

The customer service department will remain at the company and will continue to maintain, repair, monitor and upgrade existing systems.

“Our major concern was and is to give our employees a perspective for the future. Approximately 180 of our current total of 230 employees will have new opportunities at on of the investors or within the continued activities within the Würth Group, and in particular in our own customer service. We will intensively support the approximately 50 employees, who currently work in areas which will not be turned over to the buyers or will not continue to exist, in the search for new jobs,” sail Jörg Murawski, Member of the Management Conference of the Würth Group.

Würth Solar began selling parts of its business in 2011. At the end of 2011 Würth Solar sold its CIGS thin-film production line in Schwäbisch Hall, Germany to Manz. Ownership of the plant, its 118 employees and all of Würth's PV licences were officially transferred on 1 January 2012.

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