BPV Braun Partners has assisted PREmereni, a subsidiary of Prazske Energetika, on the purchase of family-owned Solarinvest-Green Energy.
The acquisition was planned in relation to a recent amendment to the Czech Republic's Energy Act, making it easier and more advantageous for customers to build photovoltaic power plants. The contract was signed on May 3, 2018.
Solarinvest, founded in 2008, installs roof-based solar power plants, heat pumps, and air conditioning systems, as well as providing public and industrial LED lighting and other technologies.
According to bpv Braun Partners, "Solarinvest also remains active in development and, as part of the industry, tries to play a role in improving the legislative framework for developing renewable resources in the Czech Republic."
PREmereni is a subsidiary of Prazske Energetika. The concern’s basic activities include electricity and gas trading and sales throughout the Czech Republic, as well as electricity distribution, generation, and supplementary energy services.
According to bpv Braun Partners, “PREmereni is offering a new comprehensive service in installing and servicing photovoltaic power plants, expanding into this new area by drawing on the experience of companies that specialize in photovoltaics. It now has access to the family-owned Solarinvest-Green Energy, s.r.o., which has more than ten years of experience specializing in rooftop photovoltaic systems.”
The bpv Braun Partners team was led by Partner Marc Muller, supported by team members Senior Associate Michal Fogel and Managing Associate Lucie Kalasova.