Czech utility CEZ to acquire Belectric from RWE

Nov 22, 2021 04:20 PM ET
  • German energy business RWE is marketing solar EPC and also O&M service provider Belectric to Czech utility CEZ, Germany's government competitors authority has revealed.
Czech utility CEZ to acquire Belectric from RWE
Image: Belectric

RWE validated to PV Technology last week that it has become part of a transaction related to the divestment of parts of Belectric, but did not name the purchaser.

A notice by Germany's competition authority shows that CEZ used on November 11 for authorization to take complete possession of Belectric.

Acquired by RWE in 2017, Belectric has to date constructed more than 460 solar projects and presently keeps an eye on PV plants with an incorporated ability of 2.1 GWp. The company marketed its US O&M service earlier this year.

CEZ declined to talk about the offer. Germany is one of the markets that the utility is focusing on as part of a clean energy expansion that will certainly see it aim to develop 1.5 GW renewables by 2025 and 6GW by 2030. It is also looking to raise its power storage capability to 300MW by the end of the decade.

CEZ currently runs 13 nuclear power plant with a total ability of 130MW in the Czech Republic and also Bulgaria, according to the firm's internet site.

Solar Installers, Manufacturers