Centrotec’s wholly owned subsidiary, Ubbink Group, has bought 60% of Solar23 though a €0.9 million capital increase by Solar23, a German-based company that specializes in solar PV and solar thermal projects in Africa. Solar23 will be integrated into Ubbink’s Gas Glue Systems division.
Gert-Jan Huisman, CEO of Centrotec Sustainable, remarked: “The interest in Solar23 gives Centrotec an early foothold on the African continent. Africa, too, will witness the emergence of a growth market for energy saving and renewable energy over the next few years; we aim to address that demand with innovative energy-saving solutions, while at the same time taking serious social responsibility to preserve the earth's resources and promote sustainable development.”
Solar23’s background primarily lies in non-grid connected solar systems and has a product range that includes: solar home systems, solar lighting systems, PV deep-well pumps for drinking water supply, power supplies for telecommunications systems, autonomous and grid-connected systems for village power supplies and solar power plants.
As much of Solar23’s projects have focused in Africa over the past few years, Ubbink is looking forward to utilizing the resources and connections Solar23 has established on the continent. The management team for Solar23 will remain, to help with the transition and to help Ubbink promote its growth in Africa.