Saint Gobain completes takeover of Solarwood Technologies
French construction materials and solar equipment producer Saint Gobain has bought the remaining 70% of shares it did not already own in solar panel manufacturer Solarwood Technologies for an undisclosed sum.
Solarwood Technologies manufactures PV roof tiles at its facility in Foetz, Luxemburg. The plant has an annual capacity of 15MW, which Saint Gobain intents to increase to 30MW.
“We’re expanding fast in France right now and looking to build anoher PV tile plant on a second site currently under selection, which should be up and runing in the second half of 2010,” says Benoît Richard, Managing Director of Saint-Gobain Solar Systems.
Solarwood is currently Saint-Gobain’s biggest supplier of PV roof tiles and markets its productions Luxemburg, Belgium, the Netherlands and Germany, as well as France.
Saint-Gobain’s is a major producer of mirrors for parabolic troughs used in solar thermal plants and glass for PV panels, as well as supplying PV roof systems.
Saint-Gobain also took over Shell’s stake in CIS (copper, indium and selenide) thin film solar producer Avancis in August 2009.
Published: Monday, February 8 2010
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