Kajima, Griffin take majority stake in Polish solar installer Hymon

Mar 15, 2023 10:20 AM ET
  • Pan-European actual property investor Kajima Europe and also personal equity financier Griffin Capital Partners have actually acquired a 70% stake in Polish solar installer Hymon, the customers claimed on Tuesday.
Kajima, Griffin take majority stake in Polish solar installer Hymon
Image: Kajima Europe.

Being among the biggest photovoltaic (PV) setup teams in its home country, Hymon is focused on the rooftop market, dealing with orders for domestic, industrial as well as company customers. The firm was set up in 2011 and ever since it has actually constructed more than 70,000 solar plants with a combined capacity of 472 MW. Its workforce completes 300 individuals.

The investment in Hymon was performed through a joint venture (JV) in between Kajima and also Griffin, forming a platform that is majority-held by Kajima. Griffin will serve as co-owner and financial investment manager. Jacek Strzesak, the owner of Hymon, will certainly keep a 30% shareholding.

"We identify substantial potential in the Polish RES market, as well as via this 2nd renewables sector-based partnership with Griffin, we will certainly reinforce our presence in this dynamic emerging field," stated Chris Gill, financial investments director as well as head of Renewables at Kajima.

London-based Kajima as well as Griffin are majority owners of Polish solar and also wind project programmer PAD-RES. The duo took control of PAD-RES via a newly-created renewables joint venture (JV) that acquired 72% of the business in September 2021.

Solar Installers, Manufacturers