Solon SE

Solon SE
Societas Europaea
Industry Solar energy
Predecessor Solon AG für Solartechnik
Founded Berlin, Germany (27 November 1997 (27 November 1997))
Key people
 Thomas Krupke (CEO), Dr. Lars Podlowski (CTO), Dr. Gero Wiese (COO), Anke Hunziger (CHRO), Simone Prüfer (CFO)
Products Solar panels, Solon mover
Revenue 2008: €815,1 million (2007: €503.1 million)
2008: €30,9 million (2007: €22,2 million)
Number of employees
 943 (2008)
Website www.solon.com

Solon SE (ISIN: DE0007471195) was a German solar energy company with headquarters in Berlin. Solon SE produced photovoltaic modules at its production sites in Greifswald (Germany, SOLON Nord GmbH), Steinach in Tirol (Austria, SOLON Hilber Technologie GmbH), Carmignano di Brenta (Italy, SOLON S.p.A., formerly known as S.E. Project s.r.l.), Tucson (USA, SOLON Corporation) and Berlin (Germany, SOLON Photovoltaik GmbH). Solon also offered turn-key solar power plants, projected by SOLON Inverstments (Freiburg, Germany) and Inverters, developed and produced by SOLON Inverters AG (Uznach, Switzerland, formerly known as asp AG).

In 2008 Solon had a production capacity for photovoltaic modules of 450 MWp (2007: 210 MWp; 2006: 130 MWp) and with a production of 176 MWp (2007: 118 MWp; 2006: 84 MWp) Solon maintained to be one of the biggest module producer in Germany and Europe. Solon employed around 943 employees at the end of 2008 and achieved a turn over of 815,1 million € and a net profit of 30,9 million € (2007: 503,1 million € und 22,2 million €; 2006: 346,4 million € und 14,4 million €).

History

Solon was founded on the 27th of November 1996 by Saleh El-Khatib, Birgit Flore, Johannes Grosse Boymann, Paul Grunow, Stefan Krauter, Alexander Voigt, Wuseltronik GbR (Reiner Lemoine, Stefan Fütterer, Peter Fischer, Martin Sauter, Jürgen Hiller). It went public in 1998 as the first solar energy company in Germany.[1][2] It was listed in the TecDAX ISIN: DE0007471195 between 20 March 2006 and 21 September 2009 and since 2007 it was an ÖkoDAX constituent. On 2 December 2008, the Solon Aktiengesellschaft (AG) became a Societas Europaea (SE).[3]

On 1 September 2006, the Erlasee Solar Park was dedicated, with 12 MW the currently largest tracking photovoltaic solar park. It was constructed by Solon.[4]

On 13 December 2011, Solon filed for bankruptcy.[5]

In 2011 the leftovers were overtaken in 2012 by the Indian Microsol and in 2014 the company was moved to UAE.

Activities in the United States

SOLON Corporation, a fully owned subsidiary of Solon SE for the North American market, has been producing solar panels at its plant in Tucson, Arizona since October 2007. Initially the panels were for its own project to supply electricity to Pima County and for export back to Europe.[6][7]

In December 2008, the world's largest CIGS thin-film solar array went live in Tucson. SOLON Corporation produced and installed the photovoltaic modules and designed the array.[8]

Since an agreement with American Solar Electric, in January 2009 the company started to expand to the residential market in Arizona.[6]

Notes and references

  1. ↑ "SunPower and SOLON Announce Five-Year $300 Million Supply Contract For Multi-Megawatt Electricity Generation Systems". SunPower. 2005-04-18. Retrieved 2009-03-02.
  2. ↑ "Solon: Ein "Börse-Methusalem" mit Wachstums-Charme" (in German). WirtschaftsBlatt. 2006-06-03. Retrieved 2009-03-02.
  3. ↑ "SOLON AG becomes a European Company (SE)". SOLON SE. 2008-12-08. Retrieved 2009-02-28.
  4. ↑ "SunPower Celebrates the Dedication of SOLON's Gut Erlasee Solar Park". SunPower. 2006-09-01. Retrieved 2009-02-28.
  5. ↑ Bergin, Tom; Young, Sarah (2011-12-21). "BP turns out lights at solar business". Reuters. Retrieved 2011-12-21.
  6. 1 2 "East Valley rooftops can now go Arizona for solar". East Valley Tribune. 2009-01-01. Archived from the original on January 11, 2009. Retrieved 2009-02-28.
  7. ↑ "SOLON Locations, USA". SOLON SE. Retrieved 2009-02-28.
  8. ↑ "World's Largest CIGS Thin-Film Solar Array Goes Live in Tucson, Arizona". Fox Business Network. 2008-12-02. Retrieved 2009-02-28.
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