Leading solar EPC Conergy has announced today it is to become an independent power producer (IPP) for the solar industry as it moves into selective asset ownership of solar projects.
The German-headquartered company had previously been known in the industry as a downstream player, but has begun its move into asset ownership this week with the creation of a new leadership team to execute the plan, which will be inaugurated in the Americas before a wider roll out.
In its first venture as an IPP, Conergy will take direct ownership of five ground-mounted solar PV projects in North Carolina, which boast a combined capacity of 28 MW. These installations were completed by Conergy this month, and the company will now sell the power they produce to Duke Energy under a 15-year PPA.
"This is a strategic move that will build on Conergy key strengths in the Americas and 17 years of solar experience globally," said Conergy CEO Andrew de Pass. "Weve put the right team in place with a quarter of a century of relevant experience to execute on this plan."
The leadership role of Region Head of the Americas will go to Conergys former head of global marketing and PR, Yann Brandt, who will oversee development and operations in North America, Central America, South America and the Caribbean.
Brandt said he was excited to be taking charge of the venture at a time when the Americas markets are strong, adding: "We are well underway developing high-quality solar assets to own and operate in the Americas."