Sunlogics PLC, a vertically integrated global solar energy systems provider specializing in solar project development and installation, has acquired privately held Phoenix Solar Holdings Corp. and its operating subsidiaries, including EPV Solar Germany GmbH and New Millennium Solar Equipment Corp.
With the completion of this transaction, Sunlogics now has the ability to manufacture solar panels using its proprietary technology in Europe, Asia and North America, the company says.
The acquisition includes the photovoltaic manufacturing facility located in Senftenberg, Brandenburg, Germany. The 55,000 square-foot, 30 MW plant entered production in 2008. Sunlogics says it is in the process of finalizing an existing government grant, and once resolved, will increase production, staffing levels and project development initiatives. The company also intends to invest up to $6 million in additional proprietary manufacturing technology over the next few years.
Sunlogics will relocate the acquired U.S. panel manufacturing equipment, representing 20 MW of production, from New Jersey to Detroit and Ontario.