Impax, Bullfinch partner to invest in distributed solar in Germany

Facebook
Twitter
LinkedIn
Reddit
Email
A new investment vehicle from the partners will invest in residential and C&I solar. Image: Image: BSW-Solar/Twitter.

Impax Asset Management is collaborating with clean energy financial technology provider Bullfinch Asset to invest in distributed solar generation in Germany.

A fund managed by Impax, an asset manager focusing on opportunities arising from the transition to a more sustainable economy, has become a shareholder in Bullfinch and has partnered with the firm to form a joint investment vehicle that will invest in solar, battery storage and smart meters in the residential and commercial and industrial (C&I) sectors.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Dubbed Greenfinch, the investment vehicle will initially focus on the German market, but the partners will also seek opportunities elsewhere in Europe.

The companies will deploy capital in projects that enable locally generated energy and support the decarbonisation of the real estate sector. The projects will be managed using Bullfinch’s cloud-based clean-energy-as-a-service technology platform, which enables the bundling, financing, standardisation and management of building and facilities infrastructure, the companies said.

“We believe decentralised energy generation is one of the most exciting growth areas in the renewables sector,” said Daniel von Preyss, head of private equity/infrastructure at Impax.

Trade body SolarPower Europe lauded Germany’s attractive feed-in premiums for medium- to large-scale commercial systems in its latest EU Market Outlook for Solar Power report, published last month.

A recent acquisition in Germany’s C&I solar sector has seen utility MVV Energie purchase all the shares of AVANTAG Energy and its sister company Philipp Rass Energy to help it meet growing demand for rooftop PV from businesses in the country.

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA