The acquisition will give the U.S. encapsulant manufacturer a major beachhead in China’s growing PV market. For STR shareholdders, the deal could mean a $22.6 million dividend windfall.
The U.S. energy group is taking a bold step into the mobile solar business with the purchase of the Utah-based maker of personal solar products.
Sweeping energy reforms signed into law this week include multiple changes to the electricity sector, many of which favor solar and other renewable energies.
A year-over-year doubling in revenues in the company’s PV equipment division still leaves EES far below volumes in 2010 and 2011. The division returned to profitability in the previous quarter.
The U.S.-based solar equipment manufacturer will ship its IonSolar Implant system to an unnamed Chinese solar company within six months.
The sale of skytron and its Indian subsidiary is expected to improve the Netherlands-based power electronics systems provider’s operations as it focuses on its core businesses.
The Spanish group continued its global diversification in the first half of 2014, achieving 39% of its revenue from North America and 25% from South America.
The companies have extended their existing inverter supply agreement aimed at the U.S. residential solar rooftop segment.
The ambitious $813 million, five-year project in the city of Lishui will include both distributed and ground-mounted installations. The company aims to build up to 100 MW of capacity a year.
Originally part of the now defunct German group Wirsol, the British unit was acquired by Conergy in January. Robert Goss will now head both Conergy subsidiaries in the U.K.
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