Solarium is a solar panel manufacturer based in Spain that was founded by the late Venezuelan leader Hugo Chavez.

It has become one of the world’s largest solar panel producers and is the only company with a direct relationship with a government-owned energy company.

In the United States, Solarium has been sold to China’s SunPower for $1.3 billion.

Solarium CEO Pablo Guadalupe was one of Chavez’s closest advisors, and Solarium’s founder, the late Hugo Chavez, died in 2010. 

The company had an initial public offering in 2011, which went over  $1 billion in cash and stock. 

Solarium is owned by Spain’s private conglomerate, Pemex. 

In 2013, it bought an American company called Solar Energy, which it sold to the Chinese company Sinopec. 

Sinopec was an American subsidiary of the Chinese government-controlled China Southern Corp., or CSIOC. 

Last year, Solaris Energy bought Solarium for $3.5 billion, and was looking for a Chinese partner for its solar project in California.

Solaris is the Chinese version of Solar Energy. 

After the acquisition, Solariam is expected to have solar panels up and running in California by the end of 2019. 

 Solariam’s biggest customer is the California Department of Energy, or CalEC.

CalEC operates the state’s renewable energy program, and is responsible for installing solar panels on the state. 

Since 2008, CalEC has been buying Solariam solar panels and installing them on utility poles and substations. 

According to the CalEC website, CalERC is “the largest electricity grid operator in the world, serving over 2.5 million households and businesses.” 

The CalEC contract with Solariam was for the installation of about 1,500 solar panels that will be placed on utility power lines. 

At this point, Solaria has about 1 million solar panels installed on utility-owned power lines across the state of California. 

CalEC is currently paying Solariam $8.8 million a year to install these solar panels. 

Solarium is in the process of buying Solaria. 

This deal could also be the beginning of a new era in California’s solar industry. 

One of the biggest hurdles to the adoption of solar energy is the cost of installing the panels, which is $30 per watt. 

To make a profit from the panels is not an easy task. 

If Solariam can bring the price down to the same level as Solaria’s, they will be able to get more customers and help save money on their solar system installation costs. 

Another hurdle to solar energy adoption is the fact that solar panels require a lot of maintenance and maintenance costs.

Solariam, like Solaria, has an established maintenance program.

Solaria requires monthly service and replacement of panels.

CalERC has said that the solar panel installation process should be automated, and it has a contract with a technology company to automate this process. 

As part of this agreement, Solariacan is also going to take a commission from Solariam for every kilowatt of energy they generate, the same as Solariam. 

“The two companies have agreed to share in the costs of the solar energy installed by Solariam,” said CalEC spokesperson Michael Oster, in a statement. 

A spokesperson for Solarium said the company had not yet received an offer from Solaria to buy Solariam and had not seen a proposal from Solarium. 

When asked about the sale of Solariam to Sinopex, a spokesperson for SinopEC said, “SinopEC does not comment on speculation. 

It is not in line with the company’s mission to serve the best interests of its shareholders.” 

Solaria is looking to make a name for itself in the solar market, and this acquisition will give them that opportunity. 

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Photo Credit: Solarium Solarium logo