Solar Shakeout: Würth Solar announces solar business divestment plans

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

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.

20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.
20 October 2021
The race is on but we need to sprint… With global climate talks fast approaching and time running out to prevent the most disastrous impacts of climate change, now is the time to act. The Summit will explore the opportunities that emerge from taking action on climate change and provide a clear pathway forward for governments, citizens and companies. Taking place just 10 days before the G20 meeting in Rome, on 30-31 of October, and in the lead up to the critical COP26 meeting in Glasgow from 31 October–12 November, this event will be instrumental in influencing ambitious global action.
10 November 2021
The solar tracker market continues to mature at breakneck speed, with designs and component selections becoming ever-more complex in the pursuit of better project economics. But a more simplistic design could deliver a triple benefit of lower Capex, EPC and Opex costs. This webinar will set out the ideal single axis tracker design for utility-scale solar farms. The design leapfrogs from decades of experience, with a comprehensive understanding and attention to the three cost structures of Capex, EPC and Opx. Sun and Steel Solar has prototyped a single axis tracker designed to deliver up to US$0.03/W in real savings compared to existing single axis trackers on the market. That’s US$30 million for every gigawatt deployed.
15 November 2021
The 10th edition of the famous Metallization and Interconnection Workshop, MIW2021, will take place in the Thor Central venue in Genk, Belgium, on Monday, November 15, and Tuesday, November 16, 2021 as a face-to-face meeting. We are longing for direct exchange of knowledge and ideas after a long time. Hopefully you can be part of it! But of course, the organizors will keep an eye on the evolution of the Covid pandemic. It will be assess carefully, whether the workshop can be held without major risks or excessive restrictions. We are looking forward to exciting talks, discussions and meetings and to welcoming you in Genk!
23 November 2021
The solar, storage and EV industries in the UK are going from strength to strength. There is no better place for the community to meet, share ideas and do business than Solar & Storage Live from 23-25 November at the NEC.There’s something for everyone; more than 150 exhibitors, a high-level conference, a start up and innovation zone, a poster zone, strategic partners to network with and much more. 
1 December 2021
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run online with streamed content, access to session recordings and chat/messaging tools for delegates to connect.

Read Next

October 19, 2021
Funds managed by private equity firm Antin Infrastructure Partners have secured a deal to acquire a majority stake in US solar and storage developer Origis Energy.
October 19, 2021
Lightsource bp has announced its entry into Poland’s solar market through a co-development deal which will see the developer proceed with a 757MWp pipeline in the country.
October 19, 2021
Shortlisted bids in Saudi Arabia’s latest solar tender have jumped significantly on the lowest price recorded in the country’s previous renewables programme, reflecting the hikes in PV equipment costs in recent months.
October 19, 2021
The White House has said renewables are still key to its budget reconciliation bill despite rumours of the investment tax credit (ITC) being modified as opposition to the bill by senators Manchin and Sinema continue
October 19, 2021
Europe's energy crisis can be a boon for renewables deployment on the continent by bolstering business cases, but familiar foes such as grid constraints will still need to be hurdled in the coming years.
October 19, 2021
Solar tracker manufacturer Soltec has signed a framework agreement with renewables developer Acciona Energia to supply trackers over a three-year period.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021