Anesco, UK-based energy efficiency and renewable energy firm, expanded into the German market with the launch of Anesco Germany and the acquisition of renewable energy firm – Aeos Energy.
German-based Aeos Energy has developed, constructed, and operated a solar and onshore wind project portfolio spread across 55 sites.
Anesco Germany will offer a complete end-to-end solution for renewables investors, from site development, design, and construction to ongoing operation and maintenance services.
The new German subsidiary forms part of a European expansion program, which will see Anesco targeting substantial growth in the next three years, both in the UK and mainland Europe. It follows the opening of Anesco’s first subsidiary outside the UK, Anesco Netherlands, in March 2022.
“Germany is an exciting market right now, and we see many opportunities ahead as the country looks to achieve its carbon reduction goals through the rapid deployment of renewables. Our strong track record at Anesco, combined with the established links and reputation of the team at Aeos Energy, puts us in a fantastic position to capitalize on this,” commented Mark Futyan, CEO at Anesco.
According to Mercom’s Q1 2022 Solar Funding and M&A Report, a total of 29 solar M&A transactions were recorded in Q1 2022 compared to 43 in Q4 2021. In a YoY comparison, there were 20 solar M&A transactions in Q1 2021.
In January 2020, Gresham House, an asset manager through Gresham’s FIM Solar Distribution fund, acquired a 12 MW battery-ready solar project from renewables developer Anesco. The project site was sourced, designed, and fully developed by Anesco.