Wales

G24 Innovations in Cardiff is sold saving 42 solar jobs

All 42 jobs threatened when a solar power company in Cardiff went into administration have been saved.

G24 Innovations, which makes flexible solar panels capable of powering small devices such as laptops, has been sold with the new owners planning to resume production immediately.

Administrators Wilkins Kennedy said the deal would secure all 42 jobs.

The company came to Wales in 2006 saying it planned to create 300 high tech jobs with a £60m investment.

Joint administrator Stephen Grant said: "This is a big boost for the Cardiff economy, and very welcome news ahead of the Christmas period.

"Now that a sale has been achieved, the business has a bright future ahead of it.

"It has an excellent, innovative product range and was already beginning to receive major orders before entering administration."

The company has a 120m-high wind turbine outside its factory on the eastern edge of Cardiff.

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites