Avancis acquired by China's CNBM

Share

Like a number of other middle-sized thin film players, Germany’s Avancis was caught expanding its manufacturing capacity right at the time that module oversupply hit the PV market, and c-Si module prices went through he floor. On the back of that the company, which was backed by glass giant Saint Gobain, went very quite and production was shuttered.

That production looks set to restart, after the finalization of its acquisition by the China National Building Materials Group Corporation (CNBM). Avancis is now wholly owned by the firm and will headed by Franz Karg as CEO and Oliver Just as CFO. The company will continue to operate under the Avancis name.

pv magazine understands that Avancis has secured a CTO to oversee the tricky job of restarting the company’s 100 MW production in Torgau. Avancis had previously changed one its fabs into a research and innovation center.

That Avancis will be brought into a construction supplies company, indicates that BIPV will be a major focus for the firm. Avancis’ all-black PowerMax SMART modules are well suited for BIPV applications, although the firm says it will also supply ground mount applications.

Avancis product guarantees are unchanged for new and existing customers.

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

U.S. startup offers meter socket adapter that simplifies solar, battery, EV charging connection

04 December 2024 ConnectDER has secured $35 million in Series D funding to support its meter socket adapter (MSA) business, which integrates solar, storage, EV chargin...

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Your email address will not be published.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.