The takeover, first revealed by Belgian press earlier this month, was reportedly executed for the sum of €1, allowing Enfinity to avoid bankruptcy.
Only a few years ago Enfinity was an ascendant PV developer with global ambitions, peaking in 2010 as the world’s eighth-largest system-integrator globally, accordingto market researcher IHS.
Although it developed a handful of projects in North America, and was among the first Western companies to put up a utility-scale array in China, Enfinity’s empirewas largely built on the European market – including selling existing plants on to pension funds and other equity investors.
