German company Centrotec Sustainable AG’s subsidiary Ubbink B.V. has acquired stakes in a company that focuses on African solar projects.
Ubbink acquired a 60% share of Solar23 GmbH, a company geared toward the African solar PV and solar thermal projects including off-grid solar solutions. Solar23 will be incorporated into the Ubbink Group, and will retain its management. Ubbink notes that Solar23’s core skills are both in the area of solar systems which are not connected to the power grid, including solar home systems, solar lighting systems, PV deep-well pumps for drinking water supply, power supplies for telecommunications systems, and solar power plants.
"The interest in Solar23 gives Centrotec an early foothold on the African continent," said Centrotec CEO Gert-Jan Huisman. "Africa, too, will witness the emergence of a growth market for energy saving and renewable energy over the next few years; we aim to address that demand with innovative energy-saving solutions, while at the same time taking serious social responsibility to preserve the earth’s resources and promote sustainable development."
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