Conergy

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Conergy was a multinational renewable energy company headquartered in Singapore. It was founded in Hamburg, Germany, in 2000 by former CEO Hans-Martin Rüter, and specialized in the development, operation and maintenance of photovoltaic power plants and plant components. In July 2013, shortly after filing for preliminary insolvency, the Conergy brand and some of the company's international sales and service units were acquired by American private equity firm Kawa Capital Management. In August 2017, the company and its subsidiaries were acquired by American private equity funds Tennenbaum Capital Partners and Goldman Sachs BDC, before they were sold to Green Investment Group a year later. In July 2011, Conergy built what BBC News called "one of Britain's largest solar farms" in Hawton, Nottinghamshire, with a capacity of 5 MW. In June 2014, Conergy announced two projects with German utilities company RWE: its first solar power plant in the UK and a solar leasing partnership for businesses in Europe. In February 2014, Conergy opened its first office in Japan. In May 2014, the company completed the first large solar plant in the Philippines and in September 2014, Conergy Australia announced it would build a heart-shaped solar farm in New Caledonia. In Australia, the company has built solar rooftops for a factory owned by Mars, Incorporated, as well as for a call centre run by the Government of Queensland. In January 2014, Conergy announced plans to move into asset investment by establishing a tax equity fund with an initial target volume of US$100 million in order to expand its US and Canada project business.