Solar-Fabrik AG takes over Centrosolar fab in Germany

Share

German PV group Solar-Fabrik AG will take over a manufacturing facility formerly owned by Centrosolar's insolvent Sonnenstromfabrik GmbH in the German city of Wismar on August 1.

Solar-Fabrik will continue module production at the Fab 2 site using the plant's existing equipment. At the same time, the fab's 143 employees of the insolvent company will receive new employment.

A Solar-Fabrik subsidiary managed by Solar-Fabrik VP Finance Joern Wirth will oversee operations at the Wismar fab. Ralf Hennigs, Sonnenstromfabrik's former managing director, will join Wirth at the company's helm on August 1.

The Solar-Fabrik subsidiary has signed rent and lease agreements with the investors who acquired all of Sonnenstromfabrik's tangible assets, allowing the continuation of production at the Fab 2 premises. The company has also signed a purchase agreement with Sonnenstromfabrik insolvency administrator Gideon Boehm to take over the company's 143 employees as well as the then current inventory on the transition date of August 1 as part of an asset deal.

The agreement allows a smooth transition of the factory from insolvency back to normal operation, including processing of orders at hand. With an initial investment of approximately €300,000 plus the current inventory on August 1, Solar-Fabrik will increase its production capacityto more than 300 MW a year through its combined operations in Freiburg and Weimar. The deal also gives Solar-Fabrik the right to manufacture all of Centrosolar's original module types.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Switzerland authorizes removable PV plant on railway track

04 October 2024 Swiss startup Sun-ways is planning to build a 18 kW pilot PV system between the racks of a 100-m linear section of a railway line in the Swiss canton...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.