Fimer

Clementy Group, a UK-based investment firm, is ready to acquire Italian inverter maker Fimer. In September, Fimer announced an industrial relaunch after entering composition-with-creditors proceedings at a tribunal in Italy.

Clementy Group – a UK-based investment firm – has decided to scrap its plans to invest €95 million ($104.5 million) in Fimer, as the Italian inverter maker’s shareholders have reportedly failed to issue shares that were needed for the investment. Fimer originally filed for creditor protection in February 2022.

Italy’s Fimer has launched proceedings to restructure its debt and is now ready to restart production.

The European Commission wants to introduce legislation to back semiconductor research and to address the immediate problem of supply chain bottlenecks by drumming up more than €43 billion, with member states and the private sector expected to contribute.

The Italian inverter maker claims to have been impacted by the post-pandemic supply constraints. The proceedings are being managed in full business continuity without any interruption of operational activity, said the legal firm hired by Fimer to implement a debt restructuring process.

The Italian inverter maker and the Algerian electronics manufacturer are joining forces to produce solar inverters in Algeria. The location of the planned manufacturing facility was not disclosed.

The Euro trade body has promised to monitor the developing solar jobs market annually from now on, and pointed to Poland’s position at the top of the tree of EU member states for PV jobs last year as evidence the technology can still benefit from legislative backing.

The Italian power electronics specialist has launched a single-phase inverter, a three-phase device, and a residential battery. The three products will be available for sale starting from January.

The Italian inverter maker said the two devices were designed to deal with increasing PV module currents. The inverters have a power output ranging from 10 to 33 kW and are claimed to reach an input voltage of 1100 V (DC).

Inverter manufacturer Fimer provided its PVS980-58 central inverter solution for the project, which will derive 35% of its energy from solar PV.