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Press Releases from SolarTec International AG (6 total)

SolarTec International AG – Entry of investor finally determined

Aschheim, 20.05.2009 – Photovoltaics company SolarTec International AG is being bought out of the SolarTec group by an international investor. Following the agreement of the creditor´s meeting of SolarTec AG the takeover now has also found legal consent. After the insolvency of SolarTec AG by the End of 2008, the question about the future of the attractive core business-areas of PV-power-plants and concentrating-photovoltaics (CPV) was open. In February a Europe

Solar*Tec AG signs Joint Venture on module production

On 25.04.08 Solar*Tec´s CEO signed a joint venture Agreement on in Nanjing to establish PHONO SOLAR TECHNOLOGY CO. LTD in Nanjing in the Chinese province of Jiangsu. The joint venture aims at the production of solar modules. Due to the long period of approval by the Chinese authorities the buildings and the production installations have already been completed. The production is to start on 10.05.2008. The production capacity in 2008 is

Dr. Stefan Parhofer appointed as CFO of Solar*Tec AG

As of January 15th, 2008, Dr. Stefan Parhofer was appointed as CFO on the occasion of a meeting of the supervisory boad of Solar*Tec AG. He supports the Management Team (besides CEO Dr. Erich W. Merkle and CTO, Mr. Dipl.-Phys. Rainer Toelle) especially in the financial and organizational departments. Dr. rer. nat. Stefan Parhofer is 40 years old and has gained various, longtime professional experience in the field of young

Expansion of Supervisory Board of Solar*Tec AG

Munich, 27.11.2007 - On the occasion of an extraordinary shareholder´s meeting in Nov., 27th 2007 in the Notary´s Office of Predel and Dr. Goerk in Munich three further people were elected to join the Supervisory Board of Solar*Tec AG: * Dr. Marcus Fischer, Banker, Business Manager (Dipl.-Kfm.) * Andreas Müller, Commercial Executive (Kaufmann) * Andreas Tränkler, Auditor/Certified Accountant, Business Manager (Dipl.-Kfm.) Dr. Marcus Fischer (42). Joined Solar*Tec AG on October 4th, 2007 as Finance

Market entry in Greece - Solar*Tec Hellas A. E. established

Munich, 27.11.2007 - Munich based solar corporation Solar*Tec AG expands its international network by establishing two affiliates in Greece. Since Greece introduced in 2006 a Feed-In-Tariff comparable to the German Renewable Energies Act it has become highly attractive to PV-Companies, as the reimbursements rates range from 0.403 to 0.503 € per kWh. The Greek Government has approved PV installations with a total power of 1,889 MWp for the years 2007 to

SolarTec AG Expands PV Power Plant Business and Activities in Asia; Prepares for …

Munich, November 09, 2007 - Solar*Tec AG has successfully completed its first two PV power plants totalling 5.2 MWp in Germany. Further four power plant projects totalling 8.5 MWp are currently under construction and are to be completed before year end. Due to this new line of business, which Solar*Tec only started in the summer of this year, the company expects 2007 revenues in excess of 40m € with an

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