Clean technology company Verditek (VDTK) has consolidated all its solar PV assets in Verditek Solar Italy by gaining full control of Greenflex Energy Limited, previously a 51% subsidiary of Verditek, and liquidating Greenflex RSM.
The company believes the aggregation of their assets will allow them to move “quickly” and “decisively” in achieving both short- and long-term goals, such as refurbishing manufacturing facilities and refining the modulation of PV modules.
Such dynamism, the argument is, will facilitate the company’s overall aim to “address clients needs and projects that otherwise could not consider a solar solution due to the weight and installation challenges of conventional panels.”
The integration of all products and services has generated a financial instrument, through Verditek can help mitigate the initial capital burden associated with installing solar capabilities for their clients.
CEO of Verditek Dr. Geoff Nesbitt, commented: “The acquisition of the minority interest in Greenflex Energy and liquidation of Greenflex RSM allows us to operate decisively. A tremendous amount of work and commitment has been invested to turn this facility around and it will be gratifying to benefit fully from our efforts.
We will continue to open up market opportunities via smart partnering with other organizations aligned to bring Solar PV to clients that would otherwise be denied access to renewable energy."
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