News Digest Item
04 Jan 2017

“innogy acquires BELECTRIC Solar & Battery”


German utility innogy aims to bolster its position in photovoltaics and energy storage with the acquisition of the German solar and battery specialist BELECTRIC Solar & Battery GmbH. The transaction, announced in August 2016, has been completed, announced innogy in a press release. “Innogy is a pioneer and trailblazer for efficient, climate-friendly and intelligent energy solutions. However, we were still lagging behind in the field of utility-scale photovoltaic power plants. We’ve now closed this gap,” said innogy’s CEO Peter Terium. The purchase price was in a high double-digit million euro range.

Read the press release in English here.

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