29 Sep '15, 1pm

Conergy to become independent power producer

Conergy, North Carolina. The company is to begin operating as an independent power producer. Image: Conergy. International downstream player, Conergy, is to take its first steps towards becoming a solar independent power producer (IPP). Previously focused on developing, building and maintaining PV power plants, Conergy revealed today that it would now also operate as an IPP by selectively owning solar assets. “To date, Conergy’s strategic focus has been project development, EPC and O&M. Asset ownership is a natural progression of this initial strategy,” Conergy’s chief executive, Andrew de Pass, said in a statement to PV Tech. “Asset ownership reduces earnings volatility and enhances shareholder value. We believe the market values solar IPPs greater than mere development companies.” The first plants that Conergy will take under direct ownership are a portfolio of five grou...

Full article: http://www.pv-tech.org/news/conergy_to_become_independent...

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