Zach Mecelis, founder at NICand investor, commented: “The recent weeks have drastically increased the significance of energy independence and the transition to renewables. Private capital will be vital to accelerate this process with a view of truly addressing the climate crisis. We are delighted to be partnering with MaxSolar and Greenvolt as we look to accelerate MaxSolar’s impact and ambition.”Jérôme Turcotte Routhier, Managing Partner at NIC, added: “MaxSolaris a highly differentiated platform that has at its core deserving end-customers, whether they are businesses or communities. With our long-term investment horizons and differentiated approach, we are perfectly positioned to support companies that are addressing complex clean energy challenges.”João Manso Neto, CEO of atGV, said: “This acquisition underpinsGreenvolt’s ambition to become an important player in Germany, one of the most important renewable energy markets in the world. This partnership with Nature Infrastructure Capital and MaxSolar’s management strengthens our believe that international cooperation is a key element to success and value creation.”
Nature Infrastructure Capital completes100% acquisition of leading German solar developer MaxSolar
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NICs partnering with Greenvolt(GV), a leading Portuguese renewable energy firm, and the MaxSolar management team in this 100% acquisition. The current management team will continue to lead the company, in close partnership with NIC and GV. The investment will further accelerate MaxSolar’s mission to become Germany’s most trusted partner for technically flexible and innovative solar and storage solutions while meaningfully contributing to the country’s decarbonization goals.
MaxSolar is a leading developer of ground-mounted and rooftop solar PV and battery storage projects in Germany and Austria. It has a pipeline in excess of 3 GW, of which 0.8 GW are at an advanced stage of development. In addition to the development of solar and storage projects, MaxSolar is one of Germany’s leading full-service providers of utility-scale and rooftop engineering procurement and construction (EPC) services.MaxSolaroperates in one of the world’s most advanced renewable energy markets, Germany, which is globally renowned for investment in and political support of renewable energy innovation.
The German government has committed to accelerate the exit from fossil fuels and generate 65% of gross electricity consumption from renewable sources by 2030. To reach this goal, the government is committed to increase the installed solar energy capacity from 60 GW in 2021 to 200 GW by 2030and to accelerate grid connection and certification processes. As a result, Germany is set to become one of the biggest photovoltaic markets globally.
Max Solar will contribute to and benefit from this important initiative.NIC and GV will support the management and provide additional capital and resources to accelerate the growth of MaxSolar by further developing its utility-scale solar and storage project development, EPC and O&M services and a comprehensive energy solution offering consisting of multiple technologies including solar PV, storage, EV charging to Commercial & Industrial customers and communities.
Benefiting from strong tailwinds in the market, as well as industry-leading execution capability, MaxSolar is ideally positioned to deliver clean energy all across Germany.Christoph Strasser, CEO of MaxSolar, said: “In Nature Infrastructure Capital and Greenvolt we are welcoming two leading investors in the renewable energy sector to our growth journey. We look forward to a long-term collaboration, benefiting from their experience and stewardship as we continue to tackle the challenge of decarbonizing energy production in Germany.”
