Solland Solar Group and Pufin Group have reached an agreement about the sale of Solland Solar’s activities in the field of cell manufacturing to Pufin Group.
- Solland Solar will focus on its Sunweb® module and PV system business
- Pufin Group becomes more integrated in the value chain
- Pufin Group will also supply Solland’s proprietary Sunweb back-contact cells to Solland for the production of its Sunweb modules
Pufin Group is involved in the PV industry through its affiliates EL.ITAL. ( Avellino, IT) and ELIFRANCE (Saint Etienne, FR). Employment of around 70 employees of Solland Solar’s staff engaged in cell manufacturing, is expected to be continued under the new ownership and will be increased in the future according to the production’s increase.
The agreement will enable Solland Solar to fully focus on its Sunweb® module and PV system business. At the same time Pufin Group will get a stronger position in the value chain, by integrating cell production into its existing PV manufacturing assets. Solland Solar Cells is one of the leading European polycrystalline cell producers, with a yearly output of up to 130 MW. The two companies already have a close relationship as the Solland Solar Group is the main cells supplier to both EL.ITAL. and ELIFRANCE. Pufin Group, through Solland Solar Cells, will continue cell production at the same location not only for ELITAL and ELIFRANCE, but the group will also try to increase its market share both in Europe and in non-European countries. At the same time Pufin Group will supply Solland’s proprietary Sunweb cells to Solland for the production of its high efficiency Sunweb modules.