SolarWorld AG says it has a deal to acquire Bosch Solar Energy's solar assets, including its cell and manufacturing operations in Arnstadt, Germany, along with about 800 employees. SolarWorld says the acquisition, which it expects to complete in February, will boost its annual global production capacity of crystalline-silicon wafers, cells and modules to over 1 GW.
The company will operate major sites concentrating on three product categories: polycrystalline cells and modules in Freiberg, Germany; monocrystalline cells and modules in Arnstadt; and high-wattage cells and modules in Hillsboro, Ore. The newly formed SolarWorld Industries-Thuringen GmbGH will operate the Arnstadt facilities.
The announcement comes as SolarWorld prepares to finalize a debt and organization restructuring program.