Sunway To Take Over Struggling Manufacturer Scheuten Solar


Sunway Technology Investment Co. Ltd. has agreed to buy certain assets from Scheuten Solar, a PV manufacturer based in the Netherlands. Scheuten Solar said last month that it had suspended creditor payments due to financial troubles.

According to an announcement from law firm Boels Zanders, Sunway will take over Scheuten Solar's international sales offices and projects business (including development, realization, and operations and maintenance). A total of 32 jobs have been secured with the purchase.

The takeover of Scheuten Solar's Optisol and Sunrise technology units is in advanced talks, Boels Zanders adds. An announcement is expected to occur later this week. Discussions are also ongoing regarding the future of Scheuten Solar's module production facility in Gelsenkirchen.

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