Solar Cells Info

Middelburg, 31 January 2007
source: Solland Solar Energy /press release
http://www.sollandsolar.com/

DELTA is to buy a substantial interest in Solland Solar Energy Holding B.V., based in Heerlen, The Netherlands. Solland is an international company engaged in manufacturing solar cells. DELTA will acquire 90% of Solland shares, directly and indirectly through its subsidiary, Sunergy1. The remaining 10% will continue to be held by Solland’s management.  With its acquisition of Solland Solar, DELTA will be taking an important step towards penetrating the solar energy market, where substantial growth is expected in the coming years. The acquisition is in line with DELTA’s strategy to acquire a position in all parts of the solar cell production chain.

Solland Over the years Solland has gained a great deal of expertise in the field of innovative solar cell production methods, providing a range of services relating to solar cell production. Solland, DELTA and Sunergy share the ambition to develop current production methods further in order to substantially reduce the cost of solar cells and, accordingly, solar energy. Based in Heerlen, Solland employs more than 100 people and expects to grow strongly over the next few years. In 2006 it generated a turnover
of around EUR 40 million.

DELTA
DELTA is a multi-utility company offering an extensive range of services and products, chief among which are gas, water, electricity, environmental services and cable services carrying radio, television and broadband. We mainly operate in the province of Zeeland, but we also serve customers elsewhere in the Netherlands and abroad. Reliability is our key value: our customers can rely on the quality and accessibility of our services. In dealing with our customers, we are service-oriented, realistic and down-to-earth. At DELTA we are also mindful of our social responsibilities and make contributions to society in various ways.
website: www.delta.nl