SolarWorld CEO buys castle

28. January 2013 | Markets & Trends | By:  Sandra Enkhardt

Frank Asbeck would often like to be referred to as the sun king in the solar industry. While his photovoltaic group grapples with its debt issues, the CEO has bought a castle in Germany from entertainer Thomas Gottschalk.

Schloss Marienfels

Asbeck is expected to settle his established charitable foundation at the castle.

News of the SolarWorld CEO’s extravagant purchase follows the announcement last Thursday that radical restructuring would be necessary to the company’s survival, and on January 14 that it had placed 350 of its 1,330 staff at its Freiberg, Germany location on short-time work.

According to an unconfirmed report in Germany’s Kölner Stadt-Anzeiger, the purchase price is estimated to be more than €5 million. It added that, built in 1859, the 800 square meter Castle Marienfels has 14 rooms and 100,000 square meters of forest. It was bought by Gottschalk in 2004 for €3.5 million.

The Frankfurter Allgemeine Zeitung added that Asbeck would settle his established charitable foundation at the castle.

Translated and edited by Becky Beetz.

To leave a comment you must first sign in or register your details

No comments

No comments have been submitted yet. Why not login or register and be the first?

Daily newsletter

Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter

Magazine subscription

Choose between a digital and print subscription from pv magazine's online shop. A non-subscriber? Check out our sample articles.

Press releases

Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!