ConstantEnergy acquires Solareo’s South East Asia platform

Solareo Asia has made in-roads into the fast growing market of PV industrial sales at grid party without subsidies. Credit: Solareo

Investment platform ConstantEnergy has acquired Singapore-based developer Solareo’s South East Asia arm including 30MW of rooftop PV projects.

Franck Constant, president of ConstantEnergy, said: “This is an exciting acquisition for us for three reasons. One it is the first acquisition for our new fund in Asia. Second, the acquisition brings on board ConstantEnergy a South East Asia-based team of professionals dedicated to PV plant development, construction and asset management with over 50-year cumulative Asian experience.

“Lastly, Solareo Asia has made in-roads into the fast growing market of PV industrial sales at grid party without subsidies, entering long term contracts with world-class large scale industrial clients for the direct supply of on-site competitive, 100% renewable electricity, enabling its industrial clients to become more competitive on the world market.”

Solareo, created in France in 2005, has developed more than 400 projects worldwide, with 160MW commissioned.

Last year, PV Tech reported that Franck Constant, co-founder of Sonnedix Group and director of Sithe Pacific, had set up ConstantEnergy as an open fund for solar energy and energy storage in various emerging markets, aiming to reach US$100 million by the end of 2017.

Read Next

September 13, 2022
Vehicle electrification solutions provider XL Fleet has acquired Spruce Power, an owner and operator of residential rooftop solar systems in the US with more than 52,000 subscribers across 16 states.
July 20, 2022
Software provider Aurora Solar has launched new artificial intelligence (AI) solutions for lead capture, design and sales teams that it says can lower the soft costs of delivering rooftop PV.
July 5, 2022
Financial services and technology company Nelnet has acquired GRNE Solar, an EPC that designs and installs residential, commercial and utility-scale solar in the US Midwest.
July 5, 2022
European and Ukrainian solar trade associations have called for Ukraine’s post-war recovery to be based on renewable energy, urging the country’s leaders to set a target of at least 50% of renewables in electricity production by 2030.
July 4, 2022
The Australian state of Victoria is promoting the uptake of rooftop solar as part of a new strategy aimed at reducing gas use and lowering household energy bills.
July 4, 2022
Net meting for rooftop PV is ending in Indiana through a policy change that critics have warned will make solar uneconomic for most families and businesses in the US state.

Subscribe to Newsletter

Upcoming Events

On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)
Solar Media Events
November 29, 2022
Malaga, Spain