Clenergy and Obton Close Sale of 65 MWp Solar Power Project in Germany

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Clenergy (Xiamen) Technology Co Ltd, a leading high-tech company specializing in solar PV power stations (project business, development, investment and EPC) and Obton, a Danish solar photovoltaic business specialized in the acquisition, development and management of solar projects, closed the sale of a 65 MW solar farm power project in Ganzlin, Germany.

“Clenergy is very pleased to have secured Obton as buyer of our solar farm and closed the transaction for this showcase project in Germany,” said Clenergy CEO Daniel Hong. “Obton has been the right partner with their experienced gained for more than 10 years, and in over 160 deals globally.” Daniel Ruoss, general manager of Clenergy’s global project business, said: “The 65 MW solar farm is one of the largest PV projects in Germany for many years and is financed by Norddeutsche Landesbank. Construction is well under way and commercial operation is scheduled for June 2020.”

Obton CEO Anders Marcus said: “Clenergy is an outstanding partner for us and we are thrilled to announce the transaction. The PV power project in Ganzlin fits perfectly in Obton’s vision of creating a sustainable future for the coming generation and we are looking forward to continuing doing so in one of our biggest markets, Germany.”

Both buyer and seller acknowledged the tremendous contribution of their local teams in making the deal a success. For Obton that referred to financial advisor Bankhaus von der Heydt (1754.de), of München; legal advisor Buse Herberer Fromm , of Hamburg; and technical advisor Evergy Engineering GmbH , of München.

Clenergy thanked financial advisor and debt and equity process manager First Solid Capital GmbH , of Hamburg; legal advisor Kanzlei Roettger, of Hamburg; and its global project team of Bastian Schultz, Damon Yan, Cindy Huang, Gunnar Schmidt, Can Kökten, Hartmut Schuldt, Daniel Parncutt, Emma Li and Effi Probian.

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