ENcome acquires a stake in kWh+ Solar Service GmbH to expand its businesses in Germany

Klagenfurt am Wörthersee/Frankfurt am Main (06.10.2014) –ENcome Energy Performance GmbH, a leading Pan-European service provider for the technical operation of photovoltaic installations, takes over a majority stake of kWh+ Solar Service GmbH. The objective is to further establish business in Germany. ENcome now operates more than 200 MWp assets under management. The service portfolio focusses on the technical operation (“Operation and Maintenance”), reconditioning as well as consultancy services for investors, banks and insurances. In parallel SolarKapital increases its stake in ENcome to nearly 50%. SolarKapital together with the Management aims to keep ENcome’s strong level of business growth also for the upcoming years. Already 2014 ENcome’s business volume will double compared to 2013. For that purpose SolarKapital further pushes its “Buy&Build”-strategy in this sector.

„With kWh+ we are pleased to have found a partner that perfectly fits to ENcome both in a cultural as well as regional point of view. Together we want to strongly expand our business for constructor- and component-independent services in Germany”, explains Dr. Robin Hirschl, Chief Executive Officer of the ENcome Energy Performance Group. kWh+ Solar Service GmbH was founded by managers of the former SCHOTT Solar photovoltaic power plant business and recorded a strong growth throughout Germany in the past few months.

 

„With ENcome with have found the ideal partner, providing, beside the necessary competence and experience, an international base and the necessary critical size in the photovoltaic service business”, emphasizes Burkhard Söhngen, Managing Director at kWh+ Solar Service GmbH. In the future, kWh+ will operate under the name of ENcome Energy Performance Deutschland GmbH, the brand kWh+ will be continued as a product brand. Beside Dr. Robin Hirschl, Burkhard Söhngen will become the second Managing Partner in the ENcome group.

 

In the course of this transaction SolarKapital GmbH & Co. O&M KG increases its stake in ENcome to nearly 50% and thereby guarantees a solid financing for the planned growth. “We will further cooperate in the organical and inorganical growth of ENcome. We are currently in various negotiations on  further acquisitions as part of our „Buy&Build“-strategy, explains Dr. Tobias Engelhardt, Managing Director at SolarKapital.

 

Background ENcome:

 

ENcome Energy Performance was founded by a team of three managers that bring together decades of experience in renewable energy business. Well skilled engineers ensure the best yield for every renewable energy park in any grid environment. ENcome offers all services along the asset lifecycle with one single point of contact. Together with subsidiaries and a partner network ENcome covers its service portfolio across Europe.

 

Background SolarKapital:

 

SolarKapital is a private-equity company solely focusing on the solar market. A hands-on attitude and extensive sector know-how provide competitive advantages and synergy effects to its portfolio companies. We strive for double-digit returns for our investors on the basis of an attractive risk/return profile. Significant investments of the partners ensure full alignment of interests. In the Operations & Maintenance business SolarKapital group already holds a majority of kWh+ Solar Service GmbH. Besides the group has also invested in photovoltaic power plants located in France, Greece and Germany.

 

Background kWh+:

 

kWh+ Solar Service GmbH is one of a few independent companies for photovoltaic services in Germany, thereby centering the customer’s interests. The main objective of kWh+ is to offer a holistic service portfolio for the optimal operation of photovoltaic installations throughout their entire life cycle.

For more information please visit our websites:

www.en-come.com,www.kwhplus.de, www.solarkapital.com.

 

Contact ENcome

Dr. Robin Hirschl (CEO):  robin.hirschlen-comecom 

Lakeside B08b, A-9020 Klagenfurt

Contact kWh+

Burkhard Söhngen (Managing Partner): burkhard.soehngenkwhplusde 

Rheinallee 145, DE-55120 Mainz

Contact SolarKapital

Dr. Tobias Engelhardt (Managing Partner): engelhardtsolarkapitalcom 

Neuwiesenstraße 8 , DE-60528 Frankfurt am Main

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