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Austria/Europe: General Solar Systems and Sonnenkraft Management Buyout

Submitted by Baerbel Epp on February 27, 2014
Since 1 January 2014, General Solar Systems (GSS), one of the biggest solar thermal system suppliers in Europe, has had a new owner: Together with Austrian investors, former GSS Financial Director Primus Spitzer took over the company from Danish Solarcap, a subsidiary of VKR Holding. The takeover was announced in a press release on 3 February 2014. GSS with its well-known brand Sonnenkraft is now owned by Austrian company PS Helios headquartered in St Veit, Austria, with Spitzer being the only shareholder. According to the press release, GSS employed nearly 150 staff and achieved a turnover of around EUR 45 million in 2013.
 

Associations Kick off European Solar Thermal Energy Standardisation & Certification Working Group

Submitted by Baerbel Epp on December 4, 2013

Four major solar and heating associations in Europe jointly kicked off the ESTESC working group in Berlin at the end of November. ESTESC stands for European Solar Thermal Energy Standardisation & Certification. The four associations are the two Brussels-based associations European Solar Thermal Industry Federation (ESTIF) and the Association of the European Heating Industry (EHI), as well as German associations BSW Solar and the Federal Industrial Association of Germany - House, Energy and Environmental Technology, BDH. All members of the four organisations have been invited to become active participants of a number of subgroups within the ESTECS working group. Christian Stadler, Technical Head at Austrian company General Solar Systems, was elected Chair of the ESTESC for the next three years. He started his career in the solar thermal industry in 1991 and worked in leading positions at 4 different collector manufacturers. Since 2008, he has been responsible for product management, development and strategic sourcing at General Solar Systems with its major brand Sonnenkraft.
Photo: General Solar Systems

Germany: Solar Thermal Sector Layoffs

Submitted by Baerbel Epp on February 16, 2011

The market slump in Germany in 2010 brought problems for the solar thermal sector. Three examples show that the entire value chain is affected: From manufacturers to system suppliers and installers.

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