| UAE solar cell maker buys Solon, parent Solon Corp. Business will continue at Solon's plant, 6950 S. Under the new corporate name Solon Energy GmbH, the company says it plans to expand, not only in North America but into India, Asia and the Middle East. division has offices in Phoenix and San Francisco. Solon has licensed a material called Fibrex from Andersen Windows to build the rack systems meant for commercial rooftop solar installations. Alcombright said Microsol is supportive of Solon's business plan that is now focusing on large-scale commercial installations. Microsol has about 325 employees. Terms of Microsol's acquisition were not disclosed and approval is still pending from authorities in Italy, where Solon has a major operation in Carmignano di Brenta. Unable to renegotiate loan terms, Solon SE filed for insolvency, the European equivalent of bankruptcy, in mid-December. |
Sunday 11 March 2012
UAE solar cell maker buys Solon, parent
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