europe_africa

More

Astroenergy nails Conergy plant deal

Chinese PV-maker Astronergy has finalised its purchase of the former Conergy module plant in Frankfurt (Oder), Germany.

The deal, which was first announced late last month, will save 210 jobs out of the total of 280 employed at the factory by the insolvent German PV group, it was confirmed today.

The operation will now trade as Astronergy Solarmodule.

Astronergy, owned by diversified Chinese industrial group Chint, is aggressively expanding its role within the global PV industry. In addition to rapidly boosting its module production in China, Astronergy is expected to rank among the world’s five largest solar EPC companies this year.

Parent company Chint is also one of China’s largest makers of PV inverters.

Chuan Lu, vice president of Astronergy, said: “Quality and security are playing and increasingly important role in long-term investments. With modules ‘made in Germany’, we can offer this to our customers.

“The integration of the factory into our existing structures leads to numerous advantages and synergies in all areas of the value chain. We will produce profitably at the Frankfurt factory and further develop the site in the future.”

Shortly after Conergy’s bankruptcy this summer its brand name and a number of its sales and services businesses were acquired by US investor Kawa Capital Management.

Latest