Bosch has agreed to sell its 160 MW module plant in Venissieux, France, to the Sofie Group. The companies signed the sales agreement in March, a Bosch spokesman confirmed to pv magazine.
The Sofie-owned French solar module manufacturer Sillia Energy has agreed to take over the Bosch Solar plant and 128 of its 230 employees. Sillia will continue production of PV modules at the facility.
The deal remains subject to the approval of local authorities, which is expected in the coming weeks, according to Bosch.
Sillia expressed interest in taking over the Bosch plant last year. The offer was revised several times prior to the final agreement. According to recent media reports, Bosch had wanted more reliable guarantees for the continuation of production.
Bosch announced its exit from the crystalline photovoltaic business last year. It has since sold its plant in Arnstadt, Germany, to SolarWorld. An Asian consortium acquired Boschs shares in Aleo Solar.
Edited and translated by Edgar Meza