SOURCE: Solar Semiconductor

March 28, 2008 07:15 ET

Solar Semiconductor Announces IBC SOLAR AG as a Strategic Partner

SUNNYVALE, CA--(Marketwire - March 28, 2008) - Solar Semiconductor, a rapidly growing producer of high-quality photovoltaic (PV) modules, today announced a strategic partnership with IBC SOLAR AG, a premium distributor and Systems Integrator of Solar PV products in Europe. This strategic partnership is valued at over $575 million (US dollars) over the next three years.

A Win-Win partnership for Solar Semiconductor and IBC SOLAR AG

"Solar Semiconductor is known for its high-quality PV modules and has a strong presence in European as well as other international markets. Offering high-quality products has been the key differentiator for IBC SOLAR.AG. So it is a natural synergy for these two companies to come together in a mutually-beneficial partnership," said Mr. Nava Akkineni, executive vice president at Solar Semiconductor.

"We have been growing rapidly in recent years and will continue that growth in the coming years. So it is essential for IBC SOLAR AG that we have a stable supplier of high-quality modules, whose growth plans and product road map align well with our own growth plans and requirements. In Solar Semiconductor, we have found a strong partner willing to listen and respond to varying requirements of our customers," commented Mr. Christian Lieberth, vice president purchasing & product management of IBC SOLAR AG.

About Solar Semiconductor

Solar Semiconductor is a global producer of innovative, high-quality PV modules using mono- and multi-crystalline cells and offers its products and services to the worldwide solar PV module market. As a socially responsible, global energy producer, Solar Semiconductor offers an unwavering commitment to its customers. Awarded the prestigious ISO 9001 certification for its automated manufacturing plant Solar Semiconductor focuses its attention on customers' power and efficiency needs for today and tomorrow. For more information, visit www.solarsemiconductor.com.

About IBC SOLAR AG

For over 25 years, IBC SOLAR AG has been a global leader in Solar PV Power and is now regarded as a global solar power technology brand. IBC SOLAR AG provides a complete "performance spectrum" in regard to generating power from sunlight. From the initial planning phases through to delivering fully functional turnkey solar power plants, IBC SOLAR AG solutions will meet any unique need. More than 10,000 active systems situated all over the world stand out as testimonials to the expertise and high quality that characterize IBC SOLAR AG. Visit www.ibc-solar.de for more information.

Product and service names mentioned herein are the trademarks of their respective owners.

Contact Information

  • Media Contact for Solar Semiconductor
    Donna Candelori
    Candelori Communications Inc.
    T: +1 408-774-3414
    Email Contact


    Media Contact for IBC SOLAR AG
    Katja Letsch
    T: +49 9573-9224-730
    Email Contact