Macquarie-owned GIG buys Conergy

August 14, 2018
LinkedIn
Twitter
Reddit
Facebook
Email
Conergy added energy storage to its offerings a while back, including co-located solar and storage and projects for mining operations in Australia. Image: Conergy.

Solar developer and EPC firm Conergy has been acquired by the Green Investment Group (GIG).

Conergy Asia & Middle East will become part of GIG, the Macquarie-owned investor, previously the UK government’s Green Investment Bank.

The acquisition includes the firm’s development portfolio, asset management platform and a total of 88 Conergy staff covering the gamut of commercial and technical roles for both solar and energy storage.

“We are pleased to enhance our solar energy capabilities from development through to design, engineering, procurement and delivery management, to build on Macquarie Capital’s solar energy track record across Asia Pacific,” said Neil Arora, head of Macquarie Capital for Asia and the Middle East.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Today’s acquisition will also further strengthen our battery storage expertise and allow us to pursue other investment opportunities in a rapidly-growing region for the renewables sector,” he added.

Conergy has developed 500MW in the Asia Pacific region and around 2GW globally. In February this year the company’s Lakeland Solar-plus-storage project in Australia went online, including a test of deliberately ‘islanding’ the facility from the grid. Meanwhile Conergy Asia was acquired by two private equity funds in 2017.

“Conergy has had extensive solar experience in the Asia Pacific market and our employees have a strong reputation in the region,” said Alexander Lenz, CEO, Conergy. “Given Macquarie’s green investment credentials and activity in the sector, we are excited to join Macquarie and leverage our capabilities to help accelerate Macquarie’s aspirations in solar,” he added.

Read Next

October 16, 2025
Octopus Australia has acquired the Coleambally battery energy storage system (BESS), a 100MW/400MWh standalone project in development located in southern New South Wales.
October 15, 2025
Takeaways from the first day of Energy Storage Summit Latin America 2025, including the Chilean and Argentinian markets.
October 13, 2025
Queensland’s Energy Roadmap 2025 suggests that by 2030, up to 4.3GW of short-duration energy storage could be operational.
October 8, 2025
Some quick snapshots from the presentations and panels at Energy Storage Summit Asia 2025, taking place this week in Manila, Philippines.
Premium
September 30, 2025
We catch up with executives from second life specialist BESS integrator Voltfang and investor Palladio Partners to discuss their recent €250 million (US$293 million) partnership to deploy projects in Germany.

Most Popular

Email Newsletter