SolarWorld AG announced it will acquire 100% of Shell’s crystalline solar business, making it the largest solar producer in the U.S. Shell decided to divest the business because it investing in thin-film solar.
“In view of the recently launched comprehensive funding program in California, the SolarWorld Group will benefit from excellent growth opportunities with this expansion, creating a global ‘SolarWorld’ with production and sales representation in the most vigorously growing solar markets worldwide”, said Frank H. Asbeck, CEO.
SolarWorld will take over manufacturing of solar silicon crystals, wafers, cells and modules in Vancouver, Washington and Camarillo, California. It will also take over solar cell operations in Gelsenkirchen, Germany, and the research and development team focusing on silicon technology based in Munich, Germany. In addition, by taking over Shell’s sales companies in Munich, Germany, Singapore and South Africa, it will establish a presence in Asia and Africa.
The total production capacity that will be transferred to the SolarWorld Group amounts to 80 Megawatts.
Shell will retain its Rural Solar business,which provides home energy solutions in rural markets. SolarWorld will supply the modules.
Loading...