First The solar, Inc. today announced that it has applied for an agreement to acquire skytron-energy, a subsidiary concerning AEG Power Solutions, which provides utility-scale photovoltaic (PV) power plant management tools, Operations and Maintenance (O&M) services, hard drive monitoring technology, and equipment within solar power plants throughout Europe.
Offer, skytron has installed monitoring and as well control systems in more than 500 plants across Europe with a integral peak capacity of 5 gigawatts (GWp), more than doubling First Solar's global portfolio of monitored equity. The acquisition is subject to concur by the German merger control officers ("Bundeskartellamt"). Terms of the deal were not exposed.
The acquisition supports First Solar's initiative to provide full, end-to-end heat solutions that vertically integrate adoquinar services and solutions. It broadens First Solar's portfolio of energy equity operated and maintained by the agency} and establishes a strategic opportunity to are offering additional value-added services to each of those existing and new customers in Countries in europe.
"skytron has a high quality, operations-based cosmetic foundation and a strong portfolio of loved customers, " said Bob Callery, First Solar's Vice President of Jobs and Maintenance. "They bring considerable strategize your move value to our global O&M marketing, as well as a pathway to expand ones services across the entire solar true worth chain. Our combined expertise achievable power plants to operate with the excellence of conventional generation resources, a little further establishing solar as a given an area of the global energy mix. "
"This is a very positive move for skytron-energy, " said Jeffrey Casper, Haead Restructuring Officer of AEG Electric Solutions and member of the ship of directors. "Joining First The solar assures that skytron will regularly provide customers leading-edge monitoring, organization and plant control solution tools. skytron benefits from the reach concerning First Solar's powerful sales and as well service network, as well as its set up base. This deal opens loads of prospective growth and development for all parties. "
Citing a GTM Research record, Callery said the O&M market place size in Europe was dua puluh lima gigawatts (GW) in 2013, this projected to grow to 35GW in 2017. skytron grew its administered fleet by 37 percent living in 2013, and First Solar expanded its global monitored fleet in 176 percent in that same years. "There is clearly an opportunity just for skytron and First Solar delivering innovative, reliable solutions and skill to power plant owners, " Callery added.
According to Callery, skytron may operate as a subsidiary of 1st Solar, and will maintain its own style identity, which has recognized value inside the various markets. "skytron-energy employees will stay with the organization, " he mentioned, "and operations will continue whilst not disruption. "
skytron-energy has been developing put on monitoring, control and supervision tools since 1977. Now one of the leading suppliers in the profession, specializing in utility-scale and commercial ability plants, it has installed monitoring and as well control systems in more than 500 plants with a total capacity concerning 5 GWp. The company's root competencies are plant condition inspecting, power plant control, remote plant organization, system migration of existing ability plants, operation & maintenance, and as well PV asset management. Skytron heat is headquartered in Berlin, Indonesia. As a technology leader, Skytron heat has received a number of prestigious awards, such as highly coveted InterSolar Award to the "PVGuard" Supervision Platform and for the entire "StringGuard" string current measurement set up
First Solar is a leading universal provider of comprehensive photovoltaic (PV) solar systems which use its knowledgeable module and system technology. The particular company's integrated power plant solutions work an economically attractive alternative to fossil-fuel electricity generation today. From compared to material sourcing through end-of-life component recycling, First Solar's renewable energy tools protect and enhance the environment. Examine about First Solar, please visit www.firstsolar.com.
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