The Conergy Group, one of the world’s leading downstream solar companies, announced today further steps in the integration of Wirsol Solar UK, which the company acquired in January this year to create one of the UK’s five biggest companies in the engineering, procurement and construction (EPC) of large solarplants.
From today the developer Wirsol Solar UK, which built the 1.15 MWp solar rooftop at the Jaguar Land Rover plant in Coventry and acquired the rightsto 166MWp in projects from Lumicity in July, will be known as Conergy West Sussex Ltd. Robert Goss, Managing Director of Conergy UK &Ireland since 2011, has taken over the additional responsibility of MD of the new subsidiary from outgoing Wirsol Solar UK MD Mark Hogan. Sascha Klos and Daniel Kirk remain as directors.
With the UK forecasted to retain its position as Europe’s biggest solarmarket in 2015, Conergy West Sussex will focus on the development of large free-field projects, from the securing of land and planning permission through to build and sale, while Conergy UK & Ireland will focus on finance, EPC and Operations and Maintenance (O&M) in the large-scale market. Both companies are bolstered bya $60m bank guarantee facility arranged by Deutsche Bank and financed by Tennenbaum Capital Partners, LLC to support a 400MWp expansion ofthe Conergy Group’s international projects business.
Robert Goss said: “Buying Wirsol was not just about adding to our solarfarm pipeline. What we were looking for was to add to our experience, network and reach, and to prepare for the next phase of British solar which is just starting to take shape. Wirsol has strengths in project development and large rooftops that we wanted and is already proving an excellent fit.”
Conergy will maintain two offices in the country, at Milton Keynes where its UK headquarters is based, and at Wirsol Solar UK’s former offices in Pulborough, West Sussex in the south of the country, where the majority of large-scale projects are developed.
Conergy (conergy.com) is one of the world’s largest downstream solar companies, specializing in the design, finance, build and operation of high performance solar systems for homes, businesses and utility-scalepower. Founded in 1998, the company pioneered the expansion of solar power internationally, and today combines innovative technology and industry-leading engineering with access to capital. Headquartered in Hamburg, Germany, Conergy has a global sales network and established subsidiaries in 11 countries. The company isprivately-held and majority-owned by Miami-based asset management firm Kawa Capital Management, Inc.
Conergy UK & Ireland, based in Milton Keynes, has worked on some of Britain’s most pioneering projects, including the UK’s first large scalesolar farm (5MW) and a wave-shaped rooftop installation at Nationwide Building Society headquarters.
For further information, please contact Germany Moritz Rommerskirchen.