Solarhybrid to Sell Some Solar Millenium U.S. Projects, Welt Say

Solarhybrid AG, which bought the U.S. project pipeline of insolvent competitor Solar Millenium AG last week, plans to sell a part of the projects instead of developing them, Die Welt reported, citing Chief Financial Officer Albert Klein.

Proceeds from the sale would also bring funds to Solar Millenium more quickly, the newspaper cited Klein as saying.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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