IWB purchases Swiss solar installer Kunz-Solartech

May 19, 2023 11:48 AM ET
  • Swiss utility IWB claimed on Wednesday it is getting local solar systems solid Kunz-Solartech GmbH to strengthen its setting in the growing market for photovoltaic systems in Switzerland.

Financial details of the bargain were not divulged.

With a team of 26, Kunz-Solartech is concentrated on making and developing photovoltaic systems for private consumers as well as small and also average ventures (SMEs). The firm has actually already completed over 600 projects with a total capacity of around 10 MW.

The business will certainly complement IWB's subsidiary Planeco, which constructs big as well as complicated solar systems. IWB sees substantial growth capacity in the business with retail clients and also SMEs, the firm's head of sales, Markus Balmer, commented in the declaration.

The procurement was introduced not long after IWB revealed strategies to develop own production capacity of at least 100 MW by 2030, raising its solar power generation tenfold. This would enable IWB to produce concerning 120 GWh to 140 GWh of solar electricity yearly in Switzerland.

Along with its own facilities, IWB will certainly also install 150 MW-200 MW of solar systems for exclusive as well as service clients by 2030.

Solar Installers, Manufacturers