Solar Fields acquires CalyxoWritten by Staff Reports | | email@example.com
Solar Fields LLC of Perrysburg has concluded the purchase of all shares of solar producer Calyxo GmbH of Thalheim, Germany, and its subsidiary, Calyxo USA of Perrysburg, according to an announcement today by Solar Fields.
Calyxo GmbH has been producing and selling solar modules since 2009. It is the second largest producer of solar modules in Europe behind First Solar, according to the press release.
Calyxo was formerly a joint venture of Solar Fields and Q-Cells of Germany that was launched in 2007. Solar Fields was established in 2003 in a business incubator at the University of Toledo.
Solar Fields will assume 100 percent control of Calyxo’s first 25-mega watt plant in Solar Valley at Thalheim.
A second plant, which is 80 percent completed, will begin production to boost Calyxo’s capacity to 80 mega watts in 2011 and 150 mega watts in the near future. That growth would increase Calyxo’s employment from 200 to more than 400 employees, according to the press release.
Products from the Calyxo plants are being sold in Europe now but are planned to be sold on a worldwide basis later this year. Plans for Calyxo by Solar Fields include developing markets in non-European markets such as the USA or Asia.
Solar Fields currently has eight employees at its research and development facility in Perrysburg, according to the company.
Norm Johnston, CEO of Solar Fields and chairman of Calyxo, was out-of-town and unavailable for comment about the acquisition.