Global Solar Energy Initiates Sale Process


Global Solar Energy Inc., a manufacturer of flexible solar technology, has engaged FTI Capital Advisors LLC (FTICA), the wholly owned investment banking subsidiary of FTI Consulting Inc., to pursue new investor participation.

An investment could lead to partial or total change in ownership and control of Global Solar, the company says, adding that it will consider opportunities for its U.S. and European operations.

The Global Solar, which produces flexible copper indium gallium diselenide (CIGS) solar products for specialized applications such as building-integrated PV and weight-restricted roofs, says it currently has 75 MW of installed thin-film photovoltaic production capacity.

‘Global Solar's owners have accomplished their plan of developing leading CIGS thin-film technology and being the first company to reach commercial-scale production,’ says CEO Jeffrey Britt. ‘The time has come to consider financial alternatives that will help enable the company to reach its strategic objectives.’

The company does not anticipate any disruption in production or service to its customers during this process.

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