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MarketWatch: SolarWorld buys Shell's crystalline solar operations

Edited Press Release
BONN (MarketWatch) — German solar energy company SolarWorld AG (SWV.XE) said Thursday it will assume 100% equity interest in the crystalline solar activities of Royal Dutch Shell PLC (RDSA) subject to the approval of the anti-trust authorities.
The sale and purchase agreement signed by both parties results in the transfer of the following Shell locations: Vancouver, Washington and Camarillo, California, which manufacture solar silicon crystals, wafers, cells and modules, Gelsenkirchen, Germany, which produces solar cells, as well as the sales companies in Munich, Germany, Singapore and South Africa and the research and development team focusing on silicon technology based in Munich, Germany.
The production capacities that will be transferred to SolarWorld under this agreement amount to some 80 Megawatt. The Shell Solar Rural business is not included in the transaction.
The parties have agreed not to disclose the financial conditions of the deal.
-Contact: 201-938-5400

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