Novar Expands Presence in German Solar Market with Strategic Acquisition

Novar, a leading provider of sustainable energy solutions, has announced the acquisition of a significant solar park in Lower Saxony, Germany. Collaborating with WiNRG, a Hamburg-based renewable energy developer, and with advisory support from Capcora, Novar aims to further its presence in the German renewable energy sector.

The acquired solar park, anticipated to have a capacity ranging from 91 MWp to 156 MWp, signifies a substantial advancement in Novar’s expansion strategy within the German market. With plans for construction expected to commence by the second quarter of 2026, the project underscores Novar’s commitment to advancing sustainable energy infrastructure in Europe.

Gerben Smit, CEO of Novar, expressed enthusiasm about the acquisition, stating, “This marks a major milestone in our international growth and underscores our dedication to promoting sustainable energy infrastructure in Europe.” The collaboration between Novar and WiNRG is seen as a strategic move to capitalize on the significant opportunities for renewable energy development in Germany.

David Majert, Managing Director at WiNRG, echoed the sentiment, highlighting the successful sale of a substantial project from their pipeline. “Our rapid growth in the competitive German PV market, coupled with our experience from other key European markets, has enabled us to establish partnerships and develop a pipeline of medium and large-scale ground-mounted PV plants,” Majert stated.

Novar’s expertise lies in providing complete systems that integrate power generation, energy storage, and flexible energy delivery. Leveraging their experience from the Netherlands, Novar aims to implement large-scale projects in the German market effectively.

The transaction, facilitated by Capcora, a Frankfurt-based financial advisory boutique, was structured through a share purchase agreement with associated development service arrangements. Henning Prigge, Director at Capcora, emphasized the added value the transaction brings to both parties and highlighted the growth opportunities in the German PV market.

Legally advised by Brahms Nebel & Kollegen and Eversheds Sutherland, WiNRG and Novar respectively, the transaction also involved technical and tax advisory support from K&S Ingenieurpartnerschaft Krug & Schram and PwC for Novar, and Osborne Clarke for WiNRG.

The strategic acquisition marks a significant development in Novar’s expansion plans, positioning the company as a key player in Germany’s burgeoning solar energy sector.