ENcome acquires PV O&M business of Enerqos

ENcome Energy Performance GmbH, takes over the Operations & Maintenance business of Enerqos S.p.A. via Asset Deal. In the course of the takeover, total Assets under Management grow to over 450 MWp in Europe, whereas the Italian PV service portfolio increases to over 100 MWp.

“The O&M business of Enerqos fits perfectly well with our growth strategy in terms of size and regional focus. The entire ENcome group and particularly its clients will experience additional resources and expertise from this combination. We expect further growth opportunities amidst the ongoing consolidation in the PV service industry in Europe” explain Dr. Robin Hirschl and Burkhard Söhngen, both Managing Directors at ENcome Energy Performance.

Philipp Colleselli, Managing Director at ENcome Energy Performance Italy and Luca Marcucci, former Head of O&M at Enerqos and now part of the management team at ENcome Energy Performance Italy, add: “In joint action and partnership and to the benefit of all our clients in Italy, we want to expand our service presence and become one of Italy`s leading independent PV service providers. The Enerqos O&M team is glad to be part of the ENcome group.”

Giorgio Pucci, Executive Chairman of Enerqos, comments: “In ENcome we have found a strong partner able to further grow the O&M activities of Enerqos and offer a comprehensive service to the existing and new customers in Italy and abroad. With the transfer of its O&M activities, Enerqos will focus exclusively on the energy efficiency sector, enabling investments in energy efficiency projects by bridging the gap between companies developing energy efficiency projects for commercial and industrial companies and investors looking to efficiently manage risks and invest in energy efficiency portfolios.

It was agreed not to disclose further details of the transaction, which was arranged by SolarKapital GmbH, a private-equity company focusing on the solar market, as financial advisor of ENcome.

Background ENcome:

The ENcome group is a pan-European leading and independent provider for the operation of photovoltaic power plants with focus on technical Operation and Maintenance (O&M), technical Asset Management (TAM) and the compilation of technical expertise. At present ENcome operates power plants with a nominal capacity of several hundred megawatts in different countries. Well skilled engineers ensure the best yield for every renewable energy park in any grid environment. Furthermore ENcome offers other services along the asset lifecycle of photovoltaic installations partnering amongst others with renown law firms, tax advisers and security centres.

Contact ENcome: Dr. Robin Hirschl, Managing Director, E-Mail: robin.hirschlen-comecom

Background Enerqos:

Enerqos is an innovative Energy Service Company delivering tailor-made energy efficiency solutions to a broad range of companies by bridging the gap between its network of partners developing energy efficiency projects - such as ESCos, suppliers, engineering companies - and investors looking to efficiently manage risks and invest in energy efficiency portfolios. This energy efficiency solutions enable companies to reduce their energy costs with immediate effect without requiring an initial investment, in exchange for a share of future savings.

Contact Enerqos: Ing. Giorgio Pucci, Executive Chairman, Viale Monza 270, Milano   

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