GreenVolt completes acquisition of 35% stake in MaxSolar
MaxSolar is a company that develops ground-mounted and rooftop photovoltaic solar projects in Germany and Austria and has a pipeline of 3.2 GW.
GreenVolt has completed the acquisition of 35% stake in MaxSolar, alongside with Nature Infrastructure Capital (NIC), according to a statement sent this Thursday to the Portuguese Securities and Exchange Commission (CMVM). The operation, announced at the end of February, was valued at €26 million.
The Portuguese company added that the stake is reinforced by “the rights of active intervention in the management” and is also assured “the right to, in the future, come to reinforce its level of shareholder participation.”
“The conclusion of this transaction allows GreenVolt, alongside with NIC, to pursue the ambitious growth and internationalization plan, strengthen their position within the European renewables energy sector and expansion of the business activities.”
MaxSolar is a company that develops ground-mounted and rooftop photovoltaic solar projects in Germany and Austria and has a pipeline of 3.2 GW, of which 0.8 GW “are in an advanced stage of development”, explained the company in a statement released last February.
Founded in 2009, the company is also active in energy storage systems as well as charging solutions, where it operates under the brand “esolution by maxsolar”.
“This acquisition is a very significant step for GreenVolt in one of the most important renewable energy markets in the world, namely solar. The entry of GreenVolt in Germany through MaxSolar, makes it an important player in this market,” said João Manso Neto, quoted in the previous statement.