SolarWorld will take over Bosch’s 700MW cell production capacity and 200MW of module production capacity in the eastern German city of Arnstadt, SolarWorld said in an ad-hoc statement to the stock market.

In a so-called “asset deal,” SolarWorld Industries-Thüringen, a new subsidiary of SolarWorld AG, will take over great parts of Bosch Solar Energy’s manufacturing plants and other assets, securing 800 jobs at the Arnstadt site in cell and module production.

SolarWorld