Kawa Capital Management acquires Conergy

Large-scale solar power plants to get more funding.

In a release, Conergy announced today its acquisition by US investor Kawa Capital Management, Inc., providing the company with further funding support for its strong order book for the construction of large-scale solar power plants in Asia.

Alexander Lenz, President Asia & Middle East for Conergy said: “We’re absolutely thrilled by the takeover and the business opportunities that we have with Kawa as our new owner. The extended funding capabilities for large-scale projects will boost our downstream business and we expect further dynamic growth in the new setup.

The strong backing from an experienced investor means that we can continue delivering high-quality power plants that Asian investors and developers can rely on.

The strong growth of solar energy in the region is putting it on the path to energy independence – and Conergy is honored to be part of the journey, today stronger than ever.”

Conergy’s business operations in Asia have shown strong growth in 2013. This year, the company’s staffing in the Asian growth market has grown by 30 percent and the Asian volume order has grown by at least 150 percent compared to 2012 – with even more interesting projects in the pipeline for solar investors within the region.

Conergy considers Asia as a key growth market for solar energy investment, and cites favorable solar energy policy and powerful levels of sunlight, as two factors in the development of solar energy in the region.

Conergy has provided high quality technology and EPC expertise to nearly a dozen different solar energy development investments in ASEAN countries – in addition to several additional developments in North Asia and the Middle East.