Sunrise Consulting to purchase Sunrise Solartech
Sunrise Consulting Group Inc. has signed a letter of intent to purchase up to 60% of Sunrise Solartech Co., Ltd.
Sunrise Solartech was founded in March 2006 in Jiansu Province, China as a privately owned enterprise that specializes in designing, developing, manufacturing and marketing solar energy products. Sunrise Solartech is one of China’s largest manufacturers of solar PV (Photovoltaic) products, including solar energy appliances, on-grid & off-grid solar power generating systems, and solar modules, of which it boasts an annual capacity of 40MW.
Sunrise Solartech has established strong strategic business in the European Market in many major European Countries and has built a worldwide network for PV (Photovoltaic) production and raw material purchases.
In its most recent internal reports (September 2008), Sunrise Solartech projects a net profit of US $2 million in 2008, US $5 million est. in 2009, and US $10 million est. in 2010.
As a result of this acquisition, Sunrise Consulting Group expects to penetrate heavily into the North & South American markets and marketing of the Solar Modules.
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Related categories: Solar power and photovoltaics
