Novatec Solar
From Wikipedia, the free encyclopedia
Novatec Solar is a German provider of solar boilers using linear Fresnel collector technology based in Karlsruhe. Novatec Solar specialises in turnkey solutions, including the manufacture, supply, and assembly of solar fields.
In March 2011, ABB acquired 35% of Novatec Solar.[1][2][3]
In April 2013, ABB sold its stake in Novatec Solar to existing shareholder Transfield Holdings. After the transaction, Transfield owned approximately 85% of Novatec Solar.[1]
In November 2014, Novatec announced to its bondholders that due to financial problems it was seeking a restructuring of its debt.[2] Andreas Wittke (CEO) and Oliver Mundle (CFO) resigned their positions in the same month.[4]
