Sunlogics Announces Acquisition of EPV Solar Germany GmbH and New Millennium Solar Equipment Corp.
Sunlogics PLC, a vertically integrated global solar energy systems provider specializing in solar project development and installation, announced that it has acquired privately-held Phoenix Solar Holdings Corp. and its operating subsidiaries, including EPV Solar Germany GmbH and New Millennium Solar Equipment Corp. With the completion of this transaction, Sunlogics now has the ability to manufacture solar panels, using its proprietary technology, in Europe, Asia and North America. The company says that its senior management team has extensive global experience in manufacturing of solar modules and engineering and installing solar power generating facilities.
The acquisition includes the photovoltaic manufacturing facility located in Senftenberg, Brandenburg, Germany. The 55,000 square feet, 30 MW plant entered production in 2008. The company is in the process of finalizing an existing government grant and once resolved will increase production, staffing levels and project development initiatives. The company also intends to invest up to $6 million in additional, proprietary manufacturing technology over the next few years. Moreover, the Senftenberg location will serve as the base for projected expansion in Europe.