SOLON acquires strategic stake in Italian start-up company Estelux

Berlin, (PresseBox) - Berlin-based SOLON AG, one of Europe's biggest manufacturers of solar modules and photovoltaic systems for the construction of large-scale solar power plants, has acquired a 19.5 percent stake in the Italian start-up company Estelux s.r.l.

Estelux plans to build up production of solar silicon using the well-established Siemens process. To this end, the company intends to set up a production site in the north Italian town of Ferrara with an annual production capacity of 4,000 tonnes. Production is scheduled to commence at the end of 2010. The total investment will amount to approx. EUR 360 million.

The purpose of this strategic investment is to broaden SOLON's supply base for raw materials in what remains a demand-driven market and to secure the company's long-term access to additional volumes of solar silicon and solar cells.

SOLON SE

Die SOLON Mobility GmbH entwickelt, implementiert und vermarktet Mobilitätskonzepte und -projekte auf der Basis Erneuerbarer Energien. Sie ist eine 100-prozentige Tochter der SOLON AG, einem der größten europäischen Solarmodulproduzenten und ein führender Anbieter von Photovoltaiksystemen für solare Großkraftwerke.

Die SOLON Gruppe ist mit Tochterunternehmen in Deutschland, Österreich, Italien, der Schweiz und den USA vertreten.

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