ENcome and Green Services Group merge O&M operations in France

Photovoltaics

16.05.2018

ENcome Energy Performance GmbH and Green Services Group have announced to merge their French O&M operations. Both partners will transfer their O&M activities and particularly the O&M business of KBE Energy, one of Green Services Group affiliates to the new joint venture company ENcome Energy Performance France SAS. Thereby ENcome France becomes one of the leading O&M providers in France with an O&M portfolio of approx. 150 MW.

Further details of the merger remain confidential. The transaction is still subject to conditions to be fulfilled within the next weeks. The transaction was arranged by SolarKapital GmbH, a private-equity company focusing on the solar market, as joint commercial advisor and BCTG as joint legal advisor.

“With Green Services Group & the KBE Energy team we have found highly competent and reliable partners who share our view of the O&M market as well as our service orientation and capacity for innovation. Together, we want to increase our French presence and continue to provide high service quality and value add to the benefit of our customers.” says Andreas Leimbach, Managing Director of ENcome.

Guy Auger, Chief Executive Officer of Green Services Group adds: “We are really excited about the merge of our O&M activities with ENcome Energy, as together we will bring to the French market and solar PV asset owners, a stronger offer in terms of O&M, not only in terms of services provided but also in terms of geographic coverage.”

The French PV market for larger system sizes is one of the few European feed in tariff markets that is still growing. On the backdrop of the Government tenders program (CRE) for construction of plants above 100 kW and up to 17 MW, France is expected to become one of Europe's largest new construction PV markets in the next years. As one of the leading service providers in the French O&M market, ENcome and Green Services Group expect significant future growth. ENcome France will jointly be managed by Andreas Semmel and Matthieu Fiocconi.

S&WE / ENcome / Green Services Group

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