The transaction, which saw MEP take over both technical and operational management, took place at the start of the year. The move came after Solon opened insolvency proceedings in mid-December.
According to MEP, bankers and investors were left feeling "unsettled", due to the "large number of operational failures and the resulting warranty claims…" It added, "They wanted a management company that was competent and, above all, reliable.
Manager, Christian Reuter added that the goal is to operate the photovoltaic plants both sustainably and for the long-term.
MEP could not be immediately contacted for further comment.
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