06.10.2014 - SolarKapital increases stake in ENcome


    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.