China's Aikosolar swoops for Dutch PV producer Scheuten

China’s Aikosolar has acquired Dutch PV company Scheuten Solar for an undisclosed sum.

The acquisition of “the essential components of Scheuten Solar” combines the “strengths of both continents”, says the Dutch group.

Scheuten Solar – a producer of thin-film solar panels and leading player in building-integrated PV – filed for bankruptcy in late February, after it could no longer meet payments to its creditors.

At the time, the company said it had been seeking investors since mid 2011 but had not found an interested partner.

Guangdong-based Aikosolar has 600MW of crystalline silicon cell production capacity. It also owns Powerway Renewable Energy, a developer Log in to read complete article.

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