Aleo Solar finds buyer in Asia

Aleo Solar will sell most of its key assets – including its 350MW module factory in northern Germany, its brand name and its intellectual property – to a consortium of Asian investors led by a Taiwanese PV cell maker.

Calling itself SCP Solar, the consortium – comprising Taiwan’s Sunrise Global Solar Energy Co., Japan’s Choshu Industry Co., and Pan Asia Solar Ltd. – will pay just €1 for the assets, underscoring the dire straits in which Aleo currently finds itself.

Aleo had already been using Sunrise Global Solar’s cells in its high-quality modules, which are primarily sold into the European rooftop market. Sunrise Global runs a cell factory in Yilan, Taiwan.

Choshu Industry is a niche module maker for the Japanese rooftop segment.

The arrangement would see Robert Bosch – the German automotive Log in to read complete article.

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