Payom Solar has taken over the remaining 47.4% of US project developer Amsolar Holdings. The German company acquired a majority share of the San Diego company in March.
Amsolar has been developing megawatts of PV projects for schools in Southern California, and also has a growing commercial and utility-scale business. It recently signed a deal with Brightfield Energy to jointly develop 15MW of projects in California and western Nevada. Amsolar will also take over 75MW of projects from Brightfield, develop them to the point of construction readiness and then place those projects with investors.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Amsolar has also partnered with Stronghold Engineering on a 9MW project in California, with a further 100MW pipeline under development in southern Nevada.
“We deliberately did not take over Amsolar in one step,” said Daniel Grosch, chairman of Payom Solar. “Due to the current positive business development in the U.S. and especially in California, the complete takeover is now the logical consequence.”