German Solar Firm Acquires Share in Austrian Solar PV Co.

Berlin, Germany [] Solon AG is investing in Blue Chip Energy GmbH in Austria as a strategic partner. The newly formed company with registered offices in Gussing, Burgenland, is planning to manufacture high-capacity, silicon-based solar cells. The first production line with an annual capacity of 20 MW is expected to go into operation at the start of 2008. The two managing directors of Blue Chip Energy, Franz Schweighofer and Wolfgang Weidinger, have been active in the solar sector for many years. Solon’s investment corresponds to 19% of the shares in the new company. The remaining shares are spread among the company’s Austrian management and a venture capital company.
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