SPI To Acquire Energiebau Solar Power


China-based Solar Power Inc. (SPI) has entered into a definitive agreement to acquire certain assets of Germany-based photovoltaic systems wholesaler Energiebau Solar Power GmbH.

SPI says Energiebau gives it a global marketing and distribution presence for solar products and services to go with its recent acquisitions of Solar Juice in Australia and Yes! Solar in the U.S.

‘We are pleased to welcome Energiebau into SPI's portfolio of world-class brands,’ says Xiaofeng Peng, chairman of SPI. ‘The Energiebau name has long been synonymous with quality in the European PV market, which has undergone enormous change in recent years. Despite this cyclicality, we believe this market remains extremely lucrative for providers of distribution, next-generation PV technologies and other value-added services.’

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