The PV plants will be located in the region of Brandenburg, and will require an investment of €32 million.
The German manufacturer will focus on the production of PERC solar cells and bifacial glass-glass modules in the future.
In the first half of this year, the company also saw its operating loss widen. Phoenix Solar, however, has released an optimistic guidance for full fiscal 2017.
Turnover for the first half of this year was slightly down from the previous year. Large order intakes from China, however, will lead to a substantial improvement of the company’s result for full fiscal year.
Solarworld Industries GmbH, for which the former CEO Frank Asbeck has been registered as managing director, wants to continue most of the cell and module production at its German facilities. The meeting of creditors must approve the agreement on Friday. The investors also take over the shares in foreign companies, but not in the US subsidiary of the German photovoltaic manufacturer.
The EC said the two PV module makers have violated the undertaking for the minimum price of solar products imported from China.
The Ducth solar company has confirmed to pv magazine that it has sent a takeover proposal to SolarWorld’s insolvency administrator last week.