German energy giant E.ON acquires Reniva, bolsters PV unit

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German energy group E.ON has acquired Ulm-based solar company Reniva GmbH.

The move bolsters the investor-owned utility’s solar energy division. As part of the deal, Reniva Managing Director Manfred Baechler and around 10 former Reniva staffers will join E.ON in February. The new team will oversee operation and maintenance for solar PV plants.

"We are delighted to have won Manfred Baechler and his team solar experts supporting us with their many years of experience," said Robert Hienz, CEO of E.ON Energie Deutschland. "Our goal is to work together to expand the operation and maintenance business for rooftop and ground-mounted systems, strengthen our expertise in plant design and quality assurance as well as to develop new projects and products."

Baechler, who also served as chief technology officer at Phoenix Solar AG for a decade before joining Revina in 2012, added, "E.ON has committed itself in recent years to the development of renewable energy and embraced the solar sector in particular.”

Baechler added that E.ON was looking to not only increase its solar PV potential but also optimize existing plants.