The German solar industry is undergoing a period of change. Intense competition from Asian cell and module manufacturers has caused losses for German manufacturers, although at the same time newly installed capacity increased in 2011. The regulatory environment in Germany has also changed. The market is consolidating. This situation offers many opportunities. Investments by Asian manufacturers have already occurred: LDK, China, invested into Sunways; and Microsol, India/UAE, acquired major parts of the business of SOLON.
Based on our transactional experience we will describe how an investment into the German solar industry can be structured successfully for both the investor and the target company.