Solar Power, Inc. (SPI), through a wholly-owned subsidiary, has entered into a definitive agreement to acquire certain assets of Energiebau Solar Power GmbH (Energiebau), named the "Top PV Wholesale Supplier" for 2012, 2013 and 2014 by the independent market research institute, EuPD Research.
Energiebau, a service oriented company, is a European solar system supplier established in 1983. It has a strong wholesale business and an efficient PV distribution platform, so it is able to provide an interface between global solar manufacturers and the solar trade. The company is known for its core PV wholesale functions including distribution, purchasing, quality management and customer service; it also has strong relationships with energy utilities as well as large-scale and commercial PV projects in Europe and Africa.
SPI has acquired Solar Juice in Australia, and Yes!® Solar in the U.S. and China. the latest acquisition of Energiebau helps SPI establish a worldwide presence in PV wholesale distribution.
"The Energiebau name has long been synonymous with quality in the European PV market, which has undergone enormous change in recent years,” said Xiaofeng Peng, Chairman of SPI. “Despite this cyclicality, we believe this market remains extremely lucrative for providers of distribution, next-generation PV technologies and other value-added services, and we are confident this transaction gives SPI the strongest local platform to capture this tremendous market opportunity.”
With streamlined operations between Energiebau, Solar Juice and Yes!® Solar, SPI will have created one of the strongest global platforms to address the huge market need for PV wholesale and distribution services.
