Germany's Schott Solar AG is expanding its operations in Israel. The company has appointed solar systems integrator Greentops Ltd. as its authorized distributor, as part of a strategic move to boost its share of the Israeli market.
Schott Solar will set up a logistics center and expand its services network. Schott Solar sold $10 million worth of photovoltaic panels in Israel in 2009. The company hopes to boost turnover by 40% to $14 million this year.
Schott Solar Israel representative Aviad Levy said that the company considers Israel as a strategic target, and expects substantial market growth in the coming year.
Greentops CEO Moti Avni said that the company had decided to focus on Schott Solar's PV panels because they were found to be the most suited to Israel's climate conditions.
Schott Solar has been manufacturing photovoltaic panels and other solar energy products for over 50 years.
Published by Globes [online], Israel business news - www.globes-online.com - on June 22, 2010
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