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Solar spot market pvXchange founds public limited company

01-14-2009 02:04 PM CET | Energy & Environment

Press release from: pvxchange GmbH

Photovoltaic trading platform continues global expansion

Berlin, Germany, 13th January 2009: pvXchange, the leading spot market for solar technology, is realigning its corporate structure. pvXchange international N.V. has been in existence since 16 December 2008. In the future, the public limited company with registered office in Maastricht, Netherlands, will combine all the business areas of the solar technology experts. pvXchange GmbH will continue to operate the international solar trading platform.

Kai Malkwitz, CEO of pvXchange GmbH, explains the reasons behind the company's restructuring: "Limited company status offers us increased financial and operational scope. Under the umbrella of the holding company, we will in the future be able to pursue further areas of business, give investors and employees a stake in the company and be listed on the capital market." pvXchange intends to use its newly acquired potential to press ahead with its programme of international expansion and offer further innovative online services for solar technology.

Founded in Berlin in 2004, pvXchange GmbH has established itself as the global market leader in the procurement of photovoltaic products for business customers. In 2008, the company procured solar modules with an output of around 100 megawatts. This represents a trading volume of approximately EUR 300 million. With its international network and complementary services, pvXchange is constantly developing its position in the renewable energy market, a market which continues to grow on a global scale. As well as in Europe, pvXchange also has a presence in Asia and the USA.

Press officer
Matthias Fischer
pvxchange GmbH
Stresemannstraße 33
D-10963 Berlin
Tel: +49 (0) 30 44 04 81 11

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