SolarWorld: Bosch purchase helps fight Chinese issues
By Andy Giegerich
Digital Managing Editor
SolarWorld, which purchased holdings of the German company Bosch Solar, supplied panels to its Hillsboro neighbor Kaiser's new Westside Hospital.
SolarWorld AG has snagged a chunk of a German solar cell manufacturing company.
The company, which is the parent of Hillsboro-based SolarWorld Industries America Inc., announced Tuesday it would take over much of Bosch Solar Energy’s production. The move boosts SolarWorld’s annual global production capacity by more than 1 gigawatt.
The deal is expected to close in February.
SolarWorld leaders maintain the move will help it deal with Chinese market pressures. The company had won anti-dumping and anti-subsidy trade cases against Chinese companies but still must address what SolarWorld says is a loophole that allows the practices to continue.
SolarWorld officials said the Bosch strategy “will lift the company’s world capacity into the world’s top 10 and bolster its status as the largest crystalline-silicon solar producer outside of the People’s Republic of China.”
Through the acquisition, SolarWorld will concentrate on poly-crystalline cells and modules at a Freiberg, Germany facility, mono-crystalline cells and modules in Arnstadt. Germany and advanced-technology, high-wattage cells and modules in Hillsboro.
Bosch’s solar assets include 800 employees.
SolarWorld continues to prepare a comprehensive debt- and organization-restructuring process.
“Thanks to our technology leadership, our product reliability and quality and now the expansion of our production capacities, SolarWorld is weathering the industrial wreckage that continues to accompany China’s green-energy mercantilism,” Mukesh Dulani, president of SolarWorld Industries America, said in a release. “Meantime, the value of SolarWorld’s high product and production standards to back solar solutions guaranteed to perform for decades is becoming increasingly clear within our markets.”
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