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23.07.2007 00:00

Q-Cells AG increases presence on the US market

Q-Cells AG increased its stake in the American Solaria Corporation in the context of a new round of financing from 12.39% to 33%. Financial investors Sigma Partners, NGEN and the Indian company Moser Baer are also involved in financing of USD 50 million, scheduled for the expansion of the production facilities and further development work. In addition to the increased stake in Solaria Corporation, Q-Cells AG concluded a cell supply agreement for a total of up to 1.35 GWp over a 10-year period with the company. This agreement is a step further toward presence on the important and strongly growing American market.