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Feb 7th, 2014
 
aleo solar AG finds buyer for its module production
 
aleo solar AG entered into an agreement to sell significant parts of the aleo solar Group’s operating business to SCP Solar GmbH, Hamburg.
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  • SCP Solar GmbH joint venture to take over aleo module production in Prenzlau
  • Operational business to continue under the "aleo" brand

SCP Solar GmbH is the acquiring company in a consortium comprising Sunrise Global Solar Energy Co. Ltd., CHOSHU Industry Co. Ltd. and Pan Asia Solar Ltd., who have agreed to contribute EUR 13.5 million in equity capital to SCP Solar GmbH.

The buyer's business plan is based on the production and sale of the aleo brand's monocrystalline high-performance modules. Sunrise Global Solar Energy Co. Ltd. designs, manufactures and markets high-efficiency solar cells worldwide. aleo solar already builds Sunrise's high-performance cells into its new 290 watt module. Sunrise Global Solar Energy Co. Ltd. was formed in 2007 by a group of solar technology pioneers. Its main production plant is located in Yilan, Taiwan, with a capacity of 350 megawatts.


 
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