PNE takes control of Spanish solar programmer

• German business enters Iberian market by securing 51% stake in regional programmer Kolya

German developer PNE has obtained 51% of the shares in Spanish solar player Kolya.

PNE has actually protected the stake from Consultoria Industrial Beaguihe as well as Garisun Renovables.

The purchase cost is in the single-digit million array and also is partially based on the success of the project advancement. Both events have actually concurred not to disclose the specific amount.

The offer will certainly see the Cuxhaven-based firm's pipe increase by over 40% to an overall of 4,216 MWp.

With this procurement, PNE is additionally entering the Spanish market.

Coliaenergia's 1,808 MWp PV project pipe is comprised of projects with a small capacity of around 1,004 MWp for its own project development and also around 804 MWp that are being created for worldwide energetic 3rd parties.

Initial areas for the growth of wind projects are likewise consisted of in the portfolio.

" The acquisition of the majority stake in Kolya is an essential foundation in our tactical advancement in becoming a tidy energy options company," said Markus Lesser, Chairman of the board at PNE.

" This increases our pipeline of continuous PV projects to a total of 4,216 MWp. We see additionally eye-catching leads for our activities in this field and anticipate dealing with our new partners.

" With the entry right into the Spanish market, which is characterised by excellent natural conditions for solar as well as wind energy and the excellent legal framework for renewable resources, we see several chances to additional establish our service design."