PV-Invest, an established renewable energy company based in Austria, announces the signing of a contract with the Liechtenstein Group. After the transaction, the Liechtenstein Group will hold around 42% of the shares in PV-Invest.
The majority of the shares will remain under the control of the managing directors of PV-Invest.The renewable energy sector and in particular the solar industry are proving to be attractive growth markets, politically supported by the European Union's climate targets.
The low double-digit million-euro equity injection is intended to enable PV-Invest to accelerate its expansion in the currently rapidly growing market for the construction and operation of photovoltaic power plants. Over the next few years, it is planned to multiply the installed capacity in the company's own portfolio to around 200MWp.
In addition, there is a project pipeline of >100MWp to be developed and built for third parties.Managing directors Günter Grabner and Gerhard Rabensteiner: “We are pleased to welcome the Liechtenstein Group as a long-term oriented and financially strong partner. With the capital injection, we have laid the foundation for our further expansion and can look to the future with confidence.”
Constantin Liechtenstein and Johannes Meran, managing directors of Liechtenstein BeteiligungsGmbH: “We are convinced that PV-Invest is the suitable partner for the future growth strategy of the Liechtenstein Group in the business area “Renewable Energies” due to the many years of expertise of the management and the successful track record.”The closing of the transaction is expected in 3-5months.
