MEC Group Acquires 51% Stake in EnergieSun

• MEC Group acquires 51% stake in EnergieSun, a German rooftop solar developer, to expand its renewable energy portfolio. EnergieSun specializes in small to mid-size systems for private customers, with capacity to install up to 200 each month.

MEC Group has acquired a 51% stake in German rooftop solar developer EnergieSun. The investment firm from Duesseldorf aims to expand its portfolio of renewable energy investments. EnergieSun specializes in small to mid-size rooftop systems, serving mostly private customers, and has the capacity to install up to 200 systems each month. MEC Group is no stranger to the energy sector, having sold a 529 MWp bundle of solar projects in Germany to EDF Renewables earlier this year. The financial details of the transaction were not disclosed.

What Financial Details Surround MEC Group's Acquisition of EnergieSun?

• MEC Group has acquired a 51% stake in German rooftop solar developer EnergieSun for an undisclosed sum.
• The acquisition is expected to boost MEC Group's presence in the European renewable energy market.
• MEC Group has not yet revealed their plans for EnergieSun, but it is likely they will focus on expanding the company's capacity and reach within the small to mid-size rooftop system market.
• The acquisition is also expected to provide MEC Group with access to EnergieSun's customer base of over 10,000 customers in Germany.
• MEC Group is also expected to benefit from EnergieSun's large network of over 200 installers and service providers, which will help them expand their renewable energy investments.