Solar developer and EPC service provider Greencells has agreed to purchase a portfolio of late-stage solar PV development projects with a combined capacity of 127 MWp in Germany from Stark Energie, a unit of UK-based Stark Energy Group.
The portfolio consists of three projects, which Stark Energie will advance to the ready-to-build (RTB) stage. Capcora served as the exclusive M&A advisor to Stark Energie in this transaction.
This acquisition represents a strategic step forward for both companies in the German PV market. Stark Energie's development expertise, combined with Greencells Group's proficiency in solar EPC (Engineering, Procurement, and Construction) and O&M (Operations & Maintenance) services, positions the partnership to deliver high-quality solar energy projects.
Thomas Schindler, Director at Stark Energie, said, "We are excited to partner with Greencells, leveraging our combined expertise to advance our strategic goals in Germany and build on our success in the UK."
Andreas Hoffmann, CEO of Greencells, commented, "By partnering with Stark Energie, we strengthen our approach in the German market, enabling us to acquire advanced-stage projects while further accelerating our growth."
Legal counsel for Stark Energie was provided by Watson Farley & Williams, with Capcora advising on the M&A aspects of the transaction.
