Preformed Line Products has announced the formation of a new solar energy joint venture company in Australia. The joint venture was formed between PLP's subsidiary Preformed Line Products Australia and BlueSky Energy, a solar systems integration and installation business based in Sydney, Australia.
As part of the transaction, BlueSky Energy will be merged into the new joint venture company which will operate under the name BlueSky Energy Australia.
The joint venture company will be focused on providing turnkey systems and hardware solutions for residential, commercial and utility scale solar applications.
This joint venture further expands PLP's renewable energy platform that was established with its acquisition of Albuquerque, New Mexico based Direct Power and Water Corporation in March 2007.
The new company, headed by Mr. Glenn Cooper, the founder of BlueSky Energy, brings together the significant manufacturing and engineering resources of PLP Australia along with the solar energy marketing and technical expertise of Mr. Cooper.
With the demand for solar energy systems increasing around the world, BlueSky Energy Australia allows PLP to further extend its global presence in the solar energy market and capitalize on the growing interest in alternative forms of energy.
