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Innogy SE Will Acquire Belectric

Author: Source: Datetime: 2016-09-04 16:54:03
Innogy SEInnogy SE is the future growth of the company curriculum and will take over the German solar powered protable generator cell and solar and battery experts Belectric Holdings Limited.

The company is part Belectric Group. Innogy company and Belectric Holdings Limited signed a share purchase agreement. The two sides have agreed in the high double-digit million euro range purchase price. The transaction is subject to antitrust authorities and departments adjustment measures approved. Closing of the transaction is to take place in early 2017, RWE Innogy company provisionally called international SE SE, until the beginning of September 2016.

Acquisition Belectric solar and battery immediately Innogy company market for utility-scale PV power plant and battery storage technology, which is fully in line with international players Innogy on the company's corporate strategy: the expansion of dispersion of these technologies to make an important contribution to make in the future, renewable energy systems.

Belectric solar and battery is engaged in the design, installation, operation and utility-scale PV power plant maintenance. It is also active in the field and others between the battery storage systems turnkey development of large-scale battery storage solutions. Science and technology product development and production in Germany and India, the company's own factories. With over 15 years of experience, Belectric has built more than 280 utility-scale photovoltaic power plants and roof systems has more than 150 million kilowatts peak (GWP) of total installed capacity. In addition, Belectric responsible for the operation and maintenance of portable solar power generator power plants with more than 1.0 GWP value of the total output capacity. The regional focus of this business in Europe, Middle East and North Africa growth markets (Middle East North Africa), as well as India, South America and the United States. In 2015, Belectric solar cell and adjusted EBITDA in a range in the low double-digit million euros.
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