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Sovello sale completed

Q-Cells, Evergreen and REC have completed the sale of their joint venture solar wafer manufacturer Sovello AG to Ventizz Capital Fund IV, L.P.

The acquirer is a Jersey-based private equity fund being advised by Ventizz Capital Partners AG, Germany. The transaction was subject to certain closing conditions. All closing conditions have now been fulfilled.

REC Silicon says it will continue to supply polysilicon to Sovello, but with reduced annual volumes.

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Photovoltaics (PV)  •  Solar electricity