Solar World AG sold the majority of its Swedish subsidiary Gallivare PhotoVoltaic AB (GPV) to the Swedish Borevind AB. Both partners signed a purchase agreement for 65 percent of the shares. The purchase will be at year-end 2007 effective for 2008 is a planned initial public offering. Solar World AG remains at 35 percent in the Scandinavian module manufacturer. GPV northern Gallivare maintains a production for solar power modules with a capacity of 30 MW, which since 1999 in possession of the Solar World Group found. The existing supply relationship between PRG and the World Solar 2008 and remain in subsequent years. Continue reading →