EMMVEE has sold Solarpark Bronkow to RheinEnergie
EMMVEE Solar Systems Private Ltd., an Indian producer of mono- and polycrystalline photovoltaic modules, has sold Solarpark Bronkow Luckaitztal GmbH to RheinEnergie, a German utility.
Solarpark Bronkow, situated near Berlin, has an installed capacity of 11.4 MWp and a specific energy yield of 1,027 kWh/kWp. EMMVEE’s project development division developed the park which started operation in 2012. Generated power is sold under the German feed-in tariff regime (Erneuerbare-Energien-Gesetz – EEG) which enables a stable cash flow generation over approx. 20 years. The buyer RheinEnergie is a utility company of the Cologne area. The acquisition of the solar park confirms its strategy to constantly grow its renewable energy generation portfolio. The parties agreed not to disclose any financial terms.
EMMVEE, headquartered in Bangalore in India, is a producer of mono- and polycrystalline photovoltaic modules with an annual production capacity of 130 MWp and 650 employees. In addition, EMMVEE offers solar thermal heating systems and toughened solar glass. The project development division, so far, has developed projects mainly in Germany, India and Italy. In Germany, one of its major sales markets, EMMVEE has offices in Berlin and Heppenheim.
RheinEnergie, one of Germany’s major regional utilities and headquartered in Cologne, generated a turnover of Euro 2.4 billion in 2012 and has 3,100 employees. RheinEnergie supplies approx. 2.5 million people as well as industrial and commercial companies with power, gas, water, steam and heat. Next to conventional gas and coal power plants, RheinEnergie operates wind, photovoltaic and bioenergy power plants.
Lincoln International was mandated by EMMVEE as exclusive M&A advisor for the sale process. The successful sale highlights Lincoln International’s strong position in the cleantech sector as well as its international focus.
Lincoln International is pleased to have advised Kinly and its majority shareholder Avedon Capital Partners, on the acquisition of Alcuin Capital Partners backed AVMI, the UK's leading provider of corporate Audio-Visual solutions
Lincoln International is pleased to have advised Gibson Holdings Inc on the intended disposal of its 54.65% shareholding in Tokyo Stock Exchange listed TEAC Corporation to Global Acoustic Partners LLC through a public tender offer by Global Acoustic Partners LLC
Lincoln International is pleased to announce that management and BPE have acquired Dätwyler Sealing Technologies, a leading manufacturer of rubber-based extruded solutions in the constructions, tunnelling and track superstructure segments
Lincoln International is pleased to announce that FMG Suite, LLC, a portfolio company of K1 Investment Management, LLC, has been acquired by Aurora Capital Partners