Photo: AP

First Solar to acquire Skytron-energy

First Solar has entered into an agreement to acquire Skytron-energy, a strategic move to increase its share of Europe’s utility-scale solar PV plant management and services sector.

5 June 2014 0:56 GMT Updated 27 September 2016 6:05 GMT

By Richard A. Kessler

Financial terms of the upcoming transaction were not disclosed. The acquisition is subject to consent by the German merger control authorities, or Bundeskartellamt.

Currently, Skytron has installed monitoring and control systems in more than 600 plants across Europe with a total peak capacity of 5GW, more than doubling First Solar’s global portfolio of monitored assets.

Citing a GTM Research report, First Solar’s vice president of Operations and Maintenance Bob Callery says the solar O&M market size in Europe was 25GW in 2013, and is projected to grow to 35GW by 2017.

Skytron

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