The company has completed the acquisition of Dutch PV module manufacturer Sunweb Solar Energy Holding BV and intends to open a Finnish production facility in early 2014.
Cencorp made the acquisition of Sunweb for 450,000 (US$616,000) in cash and 550,000 worth of Cencorp shares 4m shares valued at 0.12 each.
Cencorp CEO Iikka Savisalo said the new Finnish facility, which will use Sunweb's production line technology, will be built in either Salo or Mikkeli and will have an annual turnover of 50m when operating a peak capacity. The first orders for Finnish-made modules expected early this year.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.