SAS’ subsidiary- Sunrise Global Solar Energy Co. Ltd. (Sunrise), CHOSHU Industry Co. Ltd. (CHOSHU) and Pan Asia Solar Limited, (Pan Asia Solar) announced a joint venture (SCP Solar GmbH) to purchase the Aleo brand and select production assets from Aleo solar AG. Being an asset purchase agreement, buyers do not bear any debt from Aleo, which in turn also agrees to pay a negative purchase price of up to EUR 10 million and compensation on operation fund of EUR 11.5 million! With purchase price of EUR 2.00, SCP Solar GmbH acquires the state of the art 280 megawatts manufacturing facility in Prenzlau, Germany, including fixed assets, inventories and its investments in Italy and the UK; what’s more, trademarks and industrial rights of ultra conversion efficiency of solar module! The acquisition not only integrates R&D, expands production line, escalates equipment utilization, extends terminal market, but also helps to surpass rivals by establishing complete solar industrial chain.
Sunrise, which SAS owned 50.95% shares, is the global solar cell manufacturer that produces mono high efficiency solar cells. Its Celco cells technology that enhances the conversion efficiency of P-type mono to over 20.2%! The modules installed that use Celco cells have less power loss and the highest power output generation. Sunrise’s cost-competitive P-type contributes to the same output as N type. Aleo Solar AG belongs to Robert Bosch GmbH Group, which has a stake of 90.7 % in Aleo, is one of the most prominent solar module manufacturers listed in Europe. This acquisition helps to add diverse product portfolio and drives the very top end of the PV market.
Sunrise, with world leading cell production technology, and Aleo solar, with its best in class module fabrication, together have created modules in production with an average of more than 290 Watt peak output. CHOSHU and Pan Asia Solar in turn will utilize complementarily these modules in the high efficiency market throughout Japan, Europe and in other new markets.
SCP Solar GmbH capitalize on the strong brand presence Aleo has built in global module markets. Aleo, Sunrise, CHOSHU and Pan Asia Solar will work together to consolidate their research efforts to maximize the potential of their module output.
Sino-American Silicon Products Inc.
Chung-Wei, Lee
Special assistant to President
03-5772233 #291
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