German utility MVV Energie — in which First Sentier Investors owns a 45.1 percent stake — has bought out the shares of AVANTAG Energy and its sister company Philipp Rass Energy, according to various news reports.
The energy companies specialize in solar project development in the German industrial, commerce and real estate sectors. AVANTAG Energy’s solutions focus on rooftop PV systems.
“With AVANTAG’s rooftop PV solutions, we can ideally complement our modular solution house and offer our business customers holistic, decentralized and CO2-neutral solutions on site to shape their individual energy transition together with them,” said Joachim Hofmann, managing director of MVV. “In this way, our customers can not only convert their production to climate-neutral electricity, but also charge the growing fleet of their own e-vehicles and the e-cars of their employees CO2-free.”
