 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Ventizz Takes 50 Percent Interest In ersol Thin Film Venture
Erfurt, Germany (SPX) Feb 07, 2008 Ventizz Capital Fund III LP, Delaware and Ventizz Capital Fund IV LP, Jersey (Ventizz) signed a contract on the holding of Ventizz in ersol Thin Film GmbH, Erfurt, which has been approved by the Supervisory Board of ersol. Ventizz will acquire a minority stake of nearly 50% in ersol Thin Film GmbH by way of a cash capital increase. ersol will retain the managerial responsibility. Ventizz will contribute the sum of 48 million euros to the equity capital of ersol Thin Film GmbH and is additionally furnishing partner's loans. The cash inflow shall be employed for investments in further growth and the company's technology development. The ersol subsidiary produces amorphous silicon thin-film modules. It is planning to supplement its existing production with further capacity expansion of the groundbreaking micromorphous thin-film technology. "We are pleased to have been able to acquire Ventizz as a partner with its extensive PV know-how for the continued development of our thin-film activities. The Ventizz investment confirms the solidity and attractive development perspective of ersol Thin Film," says Dr Claus Beneking, CEO of ersol AG. "This commitment harmonises well with our investment focus. ersol Thin Film is a company with high technological expertise, promising growth perspectives and an excellent management. We are pleased to back ersol Thin Film in the expansion of its capacities. ersol Thin Film's concept for the further development of silicon-based thin-film technology is impressive and offers excellent perspectives for long-term market success," Willi Mannheims, a member of the Executive Board of Ventizz Capital Partners Advisory AG, explains his investment rationale. ersol Thin Film GmbH is the youngest subsidiary within the ersol Group and the business unit focussing on thin-film technology. As of 31 December 2007 ersol Thin Film GmbH employed a workforce of 126 and started to ship its thin-film modules only a few days ago. "This alliance with Ventizz paves the way for further growth. The entry of Ventizz is a fantastic mark of confidence and underlines the development potential of thin-film technology made by ersol," concludes Peter Schneidewind, Managing Director of ersol Thin Film GmbH. Community Email This Article Comment On This Article Related Links ersol Thin Film GmbH All About Solar Energy at SolarDaily.com
Climate Change Will Spur Seven Trillion Dollars In New Investment By 2030
Cambridge MA (SPX) Feb 06, 2008Increasing public concerns about climate change -- and its potential economic and political security consequences -- are driving public policy and private investment to bring clean energy technologies from the fringes of the global energy industry to the center of activities as quickly as possible, a new analysis by Cambridge Energy Research Associates (CERA) has concluded. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
