If you burn like an ant on the pavement, or if you bronze like you’re David Hasslehoff, the sun is in control of the situation. Those rays that can burn you to a crisp, or turn you into a golden god, have the capacity to do more than just exposing you to vitamin D. The energy captured by solar panels has a lot of potential to be the leading solution to our renewable energy demands, and for that reason the more we can manufacture these panels the better.

Although solar panels aren’t new technology by any means, we are still finding out new and innovative ways to produce and install solar energy solutions to any setting. But first, we need a manufacturer to make all of our green ambitions come true.

Fortunately, the European solar entrepreneur Solarmag, formerly Dere, has just received clearance to build two new solar panel manufacturing plants after gobbling up an estimated 30 billion shares of Rivma Invest B.V., a strong European solar energy hardware producer. The over 300,000,000 Euro acquisition has made waves in the European solar market.

“This is a very important and exciting acquisition for Solarmag,” said CEO and Chairman, Lars-Erik Magnusson about the proposed acquisition of Rivma Invest B.V. in July 29th’s edition of Official Spin. “Taking this with the acquisition of the two Spanish companies earlier in the year, we have made a significant step toward establishing Solarmag as a substantial company in the European solar market.”

The two new production facilities will crank out thin-film solar panels, which have a lot of practical applications, such as tinting for your home or office windows and drawing a charge from the aesthetically pleasing upgrade, to retro-fitting cars and military vehicles with solar energy solutions. The two new plants, which will make their home in Austria, are scheduled to begin construction within the next month and are estimated to be completed in 9-10 months.