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Sunovis GmbH & Co. KG Hegau Tower | Maggistraße 5 D-78224 Singen/Htwl, Germany http://www.sunovis.de
Contact Mr Markus Renz +49 7731 93981210
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Sunovis GmbH & Co. KG

Sunovis and Brookfield join forces to accelerate the development of solar projects in Germany

(PresseBox) (Singen/Htwl, )
Sunovis and Brookfield have entered into an agreement pursuant to which Brookfield Renewable will acquire a 100% equity interest in Sunovis.

Brookfield is a global alternative asset manager and one of the world’s largest owner and operator of renewables with global reach and strong operating and development expertise. Sunovis has successfully developed more than 30 solar projects in Germany and other European countries and – with Brookfield’s support – plans to significantly accelerate the realization of its current development pipeline, which comprises approximately 1.7 GWp of solar projects, of which about 600 MWp is in advanced and mid-stage development. Sunovis’ existing management team consisting of Raphael Huber and Markus Renz will continue to manage business operations.

Raphael Huber and Markus Renz, CEO and CFO of Sunovis, comment:

“We are excited to join forces with Brookfield, a leading investor in renewables globally, who shares our strategic vision and is committed to support the further growth of Sunovis. Through this collaboration we will be able to accelerate our ambitious growth plans together with our team of experienced specialists and the support of a strong shareholder with outstanding financing capabilities, operational expertise and a broad global network in the solar industry.”

Lazard acted as financial advisor and Oppenhoff acted as legal advisor to Sunovis. Norton Rose Fulbright acted as legal advisor to Brookfield.

Sunovis GmbH & Co. KG

Sunovis GmbH based in Singen (Baden-Württemberg, Germany) is a project developer and general contractor for turnkey photovoltaic power plants in Germany with an experienced team of specialists and a large network of international partners. Based on its complete service concept from a single source as well as its comprehensive know-how, beginning with the acquisition of the ground up to the turnkey plant, Sunovis guarantees the sustainable exploitation of green energy with reliable returns.

Additional information can be found on www.sunovis.de

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.