Conergy Sells its Swiss Solar Thermal Business

Source: www.gulfoilandgas.com 12/16/2010, Location: Europe

Conergy AG is selling its Swiss solar thermal products business to Capital Stage AG, a private-equity company specialising in projects in the clean-tech sector. With the sale, all shares in Conergy's Swiss subsidiary Conergy (Schweiz) GmbH pass to Capital Stage. Conergy (Schweiz) GmbH is a local market leader in solar thermal technology and active in other regenerative energy fields in Switzerland. The company name will change to Helvetic Solar GmbH.

The contract is still subject to suspensive conditions. Completion is expected in February 2011 at the latest. The parties have agreed not to disclose the sale price.


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Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


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